ASB Consultores LLC Has $632,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

ASB Consultores LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 45.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,690 shares of the ride-sharing company’s stock after selling 7,185 shares during the period. ASB Consultores LLC’s holdings in Uber Technologies were worth $632,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in UBER. Precision Wealth Strategies LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $444,000. 9258 Wealth Management LLC grew its position in shares of Uber Technologies by 52.6% in the 4th quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock valued at $747,000 after buying an additional 4,185 shares during the last quarter. Rollins Financial bought a new position in shares of Uber Technologies during the fourth quarter worth about $265,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Uber Technologies in the fourth quarter worth approximately $772,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Uber Technologies by 130.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 145,061 shares of the ride-sharing company’s stock valued at $8,931,000 after acquiring an additional 82,002 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

UBER opened at $75.24 on Friday. The firm has a 50-day moving average price of $69.57 and a 200-day moving average price of $70.82. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. 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 company has a market capitalization of $157.22 billion, a price-to-earnings ratio of 121.35, a PEG ratio of 1.27 and a beta of 1.33.

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. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Melius initiated coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Citigroup boosted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Piper Sandler upped their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Cantor Fitzgerald initiated coverage on Uber Technologies in a research report on Thursday, September 5th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, Melius Research assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Four 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction 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 transaction, the chief executive officer now 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 SEC, which is available through the SEC website. In related news, 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 corporate 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.