Blueshift Asset Management LLC Sells 9,456 Shares of Uber Technologies, Inc. $UBER

Blueshift Asset Management LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 67.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,522 shares of the ride-sharing company’s stock after selling 9,456 shares during the period. Blueshift Asset Management LLC’s holdings in Uber Technologies were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UBER. West Oak Capital LLC purchased a new position in Uber Technologies in the 2nd quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the second quarter worth approximately $30,000. Truvestments Capital LLC boosted its holdings in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. REAP Financial Group LLC grew its position in Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the period. Finally, Ransom Advisory Ltd purchased a new stake in Uber Technologies during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 3.5%

Shares of NYSE:UBER opened at $90.61 on Thursday. The stock has a 50 day moving average of $93.07 and a 200 day moving average of $91.83. The company has a market cap of $188.28 billion, a PE ratio of 11.65 and a beta of 1.19. 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 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’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 earned $1.20 earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the firm’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 sale, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 567,625 shares of company stock worth $55,385,660. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Cantor Fitzgerald upped their price target on shares of Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $109.19.

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.