Vestor Capital LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 46.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,261 shares of the ride-sharing company’s stock after selling 53,209 shares during the quarter. Vestor Capital LLC’s holdings in Uber Technologies were worth $2,186,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. MCF Advisors LLC purchased a new stake in Uber Technologies in the first quarter valued at approximately $27,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $33,000. Northern Oak Wealth Management Inc. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $34,000. Finally, Tyler Stone Wealth Management purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $36,000. 72.58% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
UBER has been the subject of a number of research reports. MKM Partners reduced their price objective on Uber Technologies from $41.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. The Goldman Sachs Group cut their price target on Uber Technologies from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. Morgan Stanley upped their price target on Uber Technologies from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday. BTIG Research cut their price target on Uber Technologies from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Finally, JPMorgan Chase & Co. cut their price target on Uber Technologies from $60.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $49.63.
Uber Technologies Stock Performance
Uber Technologies (NYSE:UBER – Get Rating) last released its earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative return on equity of 62.32% and a negative net margin of 39.39%. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.37 billion. During the same quarter last year, the company posted $0.58 earnings per share. The business’s quarterly revenue was up 105.6% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post -3.85 EPS for the current year.
Insider Buying and Selling
In related news, insider Tony West sold 87,841 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $31.26, for a total transaction of $2,745,909.66. Following the transaction, the insider now directly owns 141,944 shares in the company, valued at $4,437,169.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.06% of the stock is currently owned by company insiders.
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 the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.
- Get a free copy of the StockNews.com research report on Uber Technologies (UBER)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.