Twin Capital Management Inc. Reduces Position in Uber Technologies, Inc. $UBER

Twin Capital Management Inc. trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 74.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,688 shares of the ride-sharing company’s stock after selling 21,937 shares during the quarter. Twin Capital Management Inc.’s holdings in Uber Technologies were worth $717,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth $28,000. Truvestments Capital LLC raised its holdings in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies during the 2nd quarter worth $30,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Uber Technologies during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wedbush decreased their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Finally, Susquehanna reiterated a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at $108,010,721.28. This trade represents a 20.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 604,946 shares of company stock valued at $58,950,116 over the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

UBER stock opened at $92.33 on Friday. The business’s fifty day moving average price is $95.50 and its 200 day moving average price is $90.95. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $192.55 billion, a PE ratio of 11.87 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.