ACT Wealth Management LLC Sells 250 Shares of Uber Technologies, Inc. (NYSE:UBER)

ACT Wealth Management LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,017 shares of the ride-sharing company’s stock after selling 250 shares during the period. ACT Wealth Management LLC’s holdings in Uber Technologies were worth $227,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in UBER. Aptus Capital Advisors LLC lifted its holdings in shares of Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares during the period. Samlyn Capital LLC bought a new stake in shares of Uber Technologies in the second quarter valued at about $134,987,000. Brookstone Capital Management lifted its stake in Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after acquiring an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after acquiring an additional 8,614 shares during the period. Finally, DSM Capital Partners LLC increased its position in Uber Technologies by 2.2% during the 2nd quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock valued at $163,775,000 after purchasing an additional 47,824 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $75.75 on Wednesday. The firm has a market capitalization of $159.15 billion, a price-to-earnings ratio of 122.85, a PEG ratio of 1.34 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a fifty day simple moving average of $71.50 and a 200-day simple moving average of $70.41.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the company posted $0.18 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.04 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’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 directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred 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 owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Truist Financial lifted their price target on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI upped their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Finally, Bank of America reissued a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $88.11.

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.