Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 734,427 shares of the ride-sharing company’s stock after selling 35,802 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Uber Technologies were worth $53,378,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Melius Research assumed 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. Melius assumed coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective 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 report on Tuesday, September 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.60.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 transaction, the chief executive officer now 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s 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 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 corporate insiders.

Uber Technologies Stock Down 1.8 %

UBER stock opened at $73.94 on Friday. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day moving average of $69.60 and a 200-day moving average of $70.72. The stock has a market capitalization of $154.50 billion, a PE ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

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

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.