Atomi Financial Group Inc. Decreases Position in Uber Technologies, Inc. (NYSE:UBER)

Atomi Financial Group Inc. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,679 shares of the ride-sharing company’s stock after selling 1,893 shares during the period. Atomi Financial Group Inc.’s holdings in Uber Technologies were worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of UBER. CIBC Private Wealth Group LLC increased its holdings in Uber Technologies by 70.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock worth $959,000 after purchasing an additional 6,426 shares during the period. Regal Investment Advisors LLC increased its holdings in Uber Technologies by 13.6% during the 4th quarter. Regal Investment Advisors LLC now owns 8,037 shares of the ride-sharing company’s stock worth $495,000 after purchasing an additional 965 shares during the period. Cresset Asset Management LLC increased its holdings in Uber Technologies by 219.0% during the 4th quarter. Cresset Asset Management LLC now owns 497,612 shares of the ride-sharing company’s stock worth $30,638,000 after purchasing an additional 915,870 shares during the period. Symmetry Investments LP bought a new stake in Uber Technologies during the 4th quarter valued at $6,174,000. Finally, MGO One Seven LLC boosted its position in Uber Technologies by 0.6% during the 4th quarter. MGO One Seven LLC now owns 32,918 shares of the ride-sharing company’s stock valued at $2,027,000 after acquiring an additional 203 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Monday. Wolfe Research assumed coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target on the stock. DA Davidson boosted their price objective on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI raised their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm lifted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four 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, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $88.11.

Uber Technologies Stock Performance

UBER stock traded up $1.34 during trading on Tuesday, hitting $75.93. 5,949,635 shares of the company traded hands, compared to its average volume of 17,836,105. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a market cap of $158.66 billion, a PE ratio of 122.89, a P/E/G ratio of 1.32 and a beta of 1.33. The stock’s 50-day simple moving average is $71.23 and its 200 day simple moving average is $70.44. 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 (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the firm earned $0.18 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

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 sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’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 sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The trade was a 0.00 % decrease in their position. The sale 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 company’s stock in a transaction 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 transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. 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 corporate 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.