SVB Wealth LLC Has $662,000 Stock Holdings in Uber Technologies, Inc. $UBER

SVB Wealth LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 68.8% in the second quarter, HoldingsChannel.com reports. The fund owned 7,091 shares of the ride-sharing company’s stock after selling 15,608 shares during the quarter. SVB Wealth LLC’s holdings in Uber Technologies were worth $662,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Kilter Group LLC bought a new position in Uber Technologies in the 2nd quarter valued at about $26,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the second quarter valued at approximately $30,000. Truvestments Capital LLC increased its stake in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC raised its position in Uber Technologies by 158.2% during the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 100,000 shares of the stock in a transaction on 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 completion of the sale, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 567,625 shares of company stock worth $55,385,660. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on UBER. UBS Group set a $122.00 target price on Uber Technologies and gave the company a “buy” rating in a report on Wednesday, November 5th. TD Cowen upped their price objective on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research note on Wednesday, November 5th. BMO Capital Markets lowered their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company reduced their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Uber Technologies Price Performance

Uber Technologies stock opened at $89.07 on Wednesday. The stock has a 50-day moving average price of $92.48 and a two-hundred day moving average price of $91.88. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company has a market capitalization of $185.07 billion, a PE ratio of 11.45 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.