Morse Asset Management Inc Has $1.12 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Morse Asset Management Inc decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 27.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,445 shares of the ride-sharing company’s stock after selling 5,850 shares during the quarter. Morse Asset Management Inc’s holdings in Uber Technologies were worth $1,123,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wealthspire Advisors LLC increased its stake in shares of Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after buying an additional 151 shares during the period. Hilltop Holdings Inc. increased its position in Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after purchasing an additional 157 shares during the period. Sivia Capital Partners LLC raised its holdings in Uber Technologies by 3.3% during the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC raised its holdings in Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after purchasing an additional 159 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of Uber Technologies by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 160 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. Bank of America reiterated a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. JMP Securities lifted their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. DA Davidson upped their target price on Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Stock Performance

NYSE UBER opened at $73.94 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The company has a fifty day moving average price of $69.60 and a 200-day moving average price of $70.66. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The firm has a market cap of $154.50 billion, a price-to-earnings ratio of 119.26, a PEG ratio of 1.27 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts predict 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.