Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Mount Vernon Associates Inc. MD

Mount Vernon Associates Inc. MD lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,360 shares of the ride-sharing company’s stock after selling 390 shares during the period. Uber Technologies makes up 2.5% of Mount Vernon Associates Inc. MD’s portfolio, making the stock its 11th biggest position. Mount Vernon Associates Inc. MD’s holdings in Uber Technologies were worth $2,788,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UBER. International Assets Investment Management LLC grew its holdings in Uber Technologies by 23.4% during the 4th quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock valued at $723,000 after purchasing an additional 2,225 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in Uber Technologies during the 4th quarter valued at $48,000. Mackenzie Financial Corp lifted its position in shares of Uber Technologies by 64.6% in the 4th quarter. Mackenzie Financial Corp now owns 216,177 shares of the ride-sharing company’s stock worth $13,310,000 after buying an additional 84,844 shares during the last quarter. SVB Wealth LLC increased its holdings in shares of Uber Technologies by 28.1% in the 4th quarter. SVB Wealth LLC now owns 51,341 shares of the ride-sharing company’s stock worth $3,161,000 after acquiring an additional 11,269 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in Uber Technologies during the 4th quarter valued at about $188,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 28,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The disclosure for this sale can be found here. Insiders sold 617,234 shares of company stock valued at $44,017,734 over the last ninety days. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.69 during trading on Friday, reaching $72.04. The stock had a trading volume of 11,548,276 shares, compared to its average volume of 19,071,258. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The firm has a market capitalization of $150.53 billion, a price-to-earnings ratio of 116.19, a P/E/G ratio of 1.30 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $68.96 and a two-hundred day simple moving average of $71.19.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Uber Technologies’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UBER. Evercore ISI lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JMP Securities boosted their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Bank of America dropped their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Melius assumed coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Finally, Citigroup lifted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $87.47.

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.