Bulltick Wealth Management LLC Decreases Stake in Uber Technologies, Inc. $UBER

Bulltick Wealth Management LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 30.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,789 shares of the ride-sharing company’s stock after selling 19,515 shares during the period. Bulltick Wealth Management LLC’s holdings in Uber Technologies were worth $4,086,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UBER. Sierra Capital LLC acquired a new position in shares of Uber Technologies during the second quarter worth $579,000. Integrated Quantitative Investments LLC purchased a new stake in Uber Technologies during the 2nd quarter worth about $1,203,000. Western Wealth Management LLC boosted its position in shares of Uber Technologies by 74.0% during the 2nd quarter. Western Wealth Management LLC now owns 25,516 shares of the ride-sharing company’s stock worth $2,381,000 after acquiring an additional 10,854 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of Uber Technologies in the 2nd quarter valued at about $7,193,000. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Uber Technologies by 3.9% in the 2nd quarter. Kingsview Wealth Management LLC now owns 26,402 shares of the ride-sharing company’s stock valued at $2,463,000 after acquiring an additional 989 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 598,875 shares of company stock worth $58,407,848. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Raymond James Financial boosted 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. Truist Financial upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Sanford C. Bernstein lifted their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Finally, BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $91.56 on Monday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The stock has a market capitalization of $190.24 billion, a price-to-earnings ratio of 11.77 and a beta of 1.46. The company has a 50-day simple moving average of $95.50 and a 200-day simple moving average of $91.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

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, beating the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

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.