Roberts Wealth Advisors LLC Sells 2,892 Shares of Uber Technologies, Inc. $UBER

Roberts Wealth Advisors LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 38.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,557 shares of the ride-sharing company’s stock after selling 2,892 shares during the period. Roberts Wealth Advisors LLC’s holdings in Uber Technologies were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trueblood Wealth Management LLC bought a new position in Uber Technologies during the 2nd quarter valued at about $265,000. Drake & Associates LLC purchased a new position in shares of Uber Technologies during the second quarter valued at approximately $747,000. Relyea Zuckerberg Hanson LLC grew its stake in shares of Uber Technologies by 12.6% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 5,216 shares of the ride-sharing company’s stock valued at $487,000 after buying an additional 585 shares during the last quarter. Cullinan Associates Inc. raised its holdings in shares of Uber Technologies by 5.5% in the second quarter. Cullinan Associates Inc. now owns 113,469 shares of the ride-sharing company’s stock worth $10,587,000 after buying an additional 5,950 shares during the period. Finally, Sendero Wealth Management LLC lifted its stake in shares of Uber Technologies by 9.7% during the 2nd quarter. Sendero Wealth Management LLC now owns 70,493 shares of the ride-sharing company’s stock worth $6,577,000 after acquiring an additional 6,239 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 3.5%

NYSE UBER opened at $100.02 on Tuesday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $208.58 billion, a price-to-earnings ratio of 17.04 and a beta of 1.48. The company’s 50-day simple moving average is $94.12 and its two-hundred day simple moving average is $87.40.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,821 shares of company stock worth $58,659,491. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on UBER shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research report on Saturday, September 27th. Sanford C. Bernstein upped their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Barclays reaffirmed an “overweight” rating and issued a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Piper Sandler boosted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $104.03.

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.