Eagle Bay Advisors LLC Has $4.10 Million Position in Uber Technologies, Inc. $UBER

Eagle Bay Advisors LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,899 shares of the ride-sharing company’s stock after selling 3,667 shares during the period. Uber Technologies accounts for approximately 3.4% of Eagle Bay Advisors LLC’s portfolio, making the stock its 8th largest holding. Eagle Bay Advisors LLC’s holdings in Uber Technologies were worth $4,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after purchasing an additional 3,073 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after acquiring an additional 91,362 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the period. Davis Investment Partners LLC bought a new position in shares of Uber Technologies in the second quarter worth $435,000. Finally, GK Wealth Management LLC bought a new position in shares of Uber Technologies in the first quarter worth $234,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 4.2%

Shares of NYSE:UBER opened at $98.68 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $99.70. The company has a market cap of $205.79 billion, a PE ratio of 16.81, a P/E/G ratio of 1.09 and a beta of 1.43. 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 stock’s 50-day moving average is $92.63 and its 200 day moving average is $85.32.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the business earned $0.47 EPS. Uber Technologies’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Susquehanna raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a “buy” rating in a report on Friday, May 23rd. Finally, Barclays reiterated an “overweight” rating and issued a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.06.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 354,571 shares of company stock worth $33,810,741 over the last 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies Company 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.