U.S. Capital Wealth Advisors LLC Sells 10,845 Shares of Uber Technologies, Inc. $UBER

Key Points

• U.S. Capital Wealth Advisors LLC reduced its stake in Uber Technologies, Inc. by 15.2%, selling 10,845 shares, and now holds 60,617 shares valued at approximately $5.66 million.
• Uber's recent quarterly earnings showed $0.63 EPS, exceeding the consensus estimate of $0.61, with revenue up 18.2% year-over-year at $12.65 billion.
• Numerous analysts have adjusted their price targets for Uber, with Piper Sandler raising its target to $103.00 and Bank of America to $115.00, indicating positive sentiment around the stock.

U.S. Capital Wealth Advisors LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,617 shares of the ride-sharing company's stock after selling 10,845 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Uber Technologies were worth $5,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Noble Wealth Management PBC bought a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Kozak & Associates Inc. grew its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at $27,000. GPS Wealth Strategies Group LLC raised its stake in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co lifted its holdings in Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.0%

Shares of Uber Technologies stock opened at $99.48 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day simple moving average of $92.74 and a two-hundred day simple moving average of $85.61. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market capitalization of $207.47 billion, a price-to-earnings ratio of 16.95 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

UBER has been the subject of several recent analyst reports. Piper Sandler increased their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Cowen reissued a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Bank of America raised their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.06.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the sale, the insider directly owned 170,269 shares of the company's stock, valued at approximately $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 354,571 shares of company stock worth $33,810,741. 3.70% of the stock is currently owned by insiders.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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