Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 50.0% in the 2nd quarter, Holdings Channel reports. The fund owned 15,000 shares of the ride-sharing company’s stock after selling 15,000 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Uber Technologies were worth $1,090,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Precision Wealth Strategies LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $444,000. 9258 Wealth Management LLC boosted its stake in Uber Technologies by 52.6% during the fourth quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock worth $747,000 after buying an additional 4,185 shares during the last quarter. Rollins Financial purchased a new stake in Uber Technologies in the 4th quarter valued at $265,000. Orion Portfolio Solutions LLC increased its stake in shares of Uber Technologies by 20.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,192 shares of the ride-sharing company’s stock worth $1,251,000 after acquiring an additional 3,551 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of Uber Technologies during the 4th quarter worth $351,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on UBER. Truist Financial reissued a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a report on Friday, September 6th. Melius Research began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. JMP Securities lifted their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Finally, DA Davidson raised their target price on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.81.

Uber Technologies Price Performance

Uber Technologies stock opened at $75.75 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $70.26 and a 200-day simple moving average of $70.69. The stock has a market cap of $159.15 billion, a P/E ratio of 122.18, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the previous year, the business earned $0.18 EPS. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal 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.