Americana Partners LLC Sells 5,443 Shares of Uber Technologies, Inc. $UBER

Americana Partners LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 72,714 shares of the ride-sharing company’s stock after selling 5,443 shares during the period. Americana Partners LLC’s holdings in Uber Technologies were worth $6,784,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of UBER. Brighton Jones LLC lifted its position in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% during 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. Bison Wealth LLC boosted its position in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the last quarter. Allworth Financial LP grew its stake in Uber Technologies by 6.5% in the 1st quarter. Allworth Financial LP now owns 21,713 shares of the ride-sharing company’s stock valued at $1,696,000 after purchasing an additional 1,332 shares during the period. Finally, Fortem Financial Group LLC increased its position in shares of Uber Technologies by 13.7% during the 1st quarter. Fortem Financial Group LLC now owns 6,944 shares of the ride-sharing company’s stock valued at $506,000 after purchasing an additional 839 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated 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 sale, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $92.03 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $95.46 and a 200-day moving average price of $91.32. The company has a market cap of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the company posted $1.20 EPS. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBER. Raymond James Financial lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research note on Wednesday. TD Cowen raised their target price on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. BMO Capital Markets dropped their price target on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Finally, UBS Group set a $122.00 price target on Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

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.