Quarry LP Sells 303 Shares of Uber Technologies, Inc. (NYSE:UBER)

Quarry LP decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 32.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 632 shares of the ride-sharing company’s stock after selling 303 shares during the period. Quarry LP’s holdings in Uber Technologies were worth $46,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UBER. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares in the last quarter. Financial Management Professionals Inc. raised its position in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC raised its position in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp bought a new position in Uber Technologies during the 1st quarter worth $32,000. Finally, MCF Advisors LLC raised its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.8 %

Shares of UBER stock opened at $74.28 on Friday. The company’s fifty day simple moving average is $71.02 and its two-hundred day simple moving average is $70.53. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The stock has a market capitalization of $156.06 billion, a price-to-earnings ratio of 119.81, a PEG ratio of 1.32 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion for 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 business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Oppenheimer lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Loop Capital boosted their target price on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Melius Research started coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Bank of America reaffirmed a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a research report on Friday, August 23rd. Finally, Roth Mkm boosted their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $87.81.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’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 transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the 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 sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

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.