Continental Advisors LLC Cuts Stock Position in Uber Technologies, Inc. $UBER

Continental Advisors LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 18.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,548 shares of the ride-sharing company’s stock after selling 19,600 shares during the period. Uber Technologies accounts for 3.9% of Continental Advisors LLC’s holdings, making the stock its 5th biggest holding. Continental Advisors LLC’s holdings in Uber Technologies were worth $8,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC lifted its holdings in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Uber Technologies by 48.2% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,540 shares of the ride-sharing company’s stock valued at $6,451,000 after purchasing an additional 28,800 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Uber Technologies by 13.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,355,842 shares of the ride-sharing company’s stock valued at $244,504,000 after purchasing an additional 397,359 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $85.13 on Friday. The company has a market capitalization of $176.88 billion, a PE ratio of 10.94 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $91.78 and its 200-day moving average price is $91.78. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the business posted $1.20 earnings per share. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the sale, the insider directly owned 174,135 shares in the company, valued at approximately $16,037,833.50. This represents a 1.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 267,625 shares of company stock valued at $26,774,660 in the last ninety days. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. Needham & Company LLC reiterated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. DA Davidson raised their price target on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Guggenheim decreased their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Sanford C. Bernstein increased their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company dropped their target price on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.60.

Uber Technologies Company 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.