Boothe Investment Group Inc. Reduces Position in Uber Technologies, Inc. $UBER

Boothe Investment Group Inc. trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 40.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 47,984 shares of the ride-sharing company’s stock after selling 32,645 shares during the period. Uber Technologies comprises approximately 1.7% of Boothe Investment Group Inc.’s portfolio, making the stock its 19th largest holding. Boothe Investment Group Inc.’s holdings in Uber Technologies were worth $4,701,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares during the period. Geode Capital Management LLC boosted its position in Uber Technologies by 2.6% in the 2nd 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 buying an additional 1,168,288 shares during the period. Norges Bank bought a new position in Uber Technologies in the 2nd quarter worth about $2,348,319,000. Kingstone Capital Partners Texas LLC increased its position in shares of Uber Technologies by 334,075.7% during the second 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 acquiring an additional 19,967,705 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Uber Technologies by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 13,810,255 shares of the ride-sharing company’s stock valued at $1,288,497,000 after acquiring an additional 142,933 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider directly owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 14,875 shares of company stock valued at $1,348,818. Insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $84.63 on Tuesday. The company has a market cap of $175.84 billion, a price-to-earnings ratio of 10.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s fifty day moving average price is $86.25 and its 200 day moving average price is $91.29. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a research report on Thursday, December 18th. BMO Capital Markets decreased their price objective on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Erste Group Bank lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Cantor Fitzgerald cut their target price on shares of Uber Technologies from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.14.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.