Mount Yale Investment Advisors LLC Sells 2,767 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mount Yale Investment Advisors LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 27.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,264 shares of the ride-sharing company’s stock after selling 2,767 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Uber Technologies were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC lifted its holdings in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares in the last quarter. Brookstone Capital Management boosted its holdings in Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after buying an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Uber Technologies by 26.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after buying an additional 8,614 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Uber Technologies by 70.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock valued at $959,000 after acquiring an additional 6,426 shares during the period. Finally, Meyer Handelman Co. purchased a new position in shares of Uber Technologies in the first quarter valued at about $1,170,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Melius assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Loop Capital lifted their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Melius Research began coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. Finally, Bank of America reiterated a “buy” rating and issued a $88.00 price target on shares of Uber Technologies in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $87.60.

Uber Technologies Stock Up 1.0 %

NYSE:UBER opened at $74.69 on Tuesday. The company has a market cap of $156.07 billion, a price-to-earnings ratio of 120.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. 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 stock has a fifty day simple moving average of $69.65 and a 200-day simple moving average of $70.63.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on 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 filing with the SEC, which is available at the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated 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 owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies 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.