Centaurus Financial Inc. Sells 9,617 Shares of Uber Technologies, Inc. $UBER

Centaurus Financial Inc. decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,650 shares of the ride-sharing company’s stock after selling 9,617 shares during the quarter. Centaurus Financial Inc.’s holdings in Uber Technologies were worth $8,458,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after acquiring an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies in the first quarter worth about $2,207,743,000. Norges Bank acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC lifted its position in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on UBER shares. Guggenheim lowered their target price on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Piper Sandler set a $107.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Arete Research set a $125.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Uber Technologies Price Performance

Uber Technologies stock opened at $85.13 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $176.88 billion, a P/E ratio of 10.94 and a beta of 1.19. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business’s fifty day moving average is $91.78 and its two-hundred day moving average is $91.80.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 267,625 shares of company stock worth $26,774,660. Company insiders own 3.70% of the company’s stock.

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.