Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Flagship Harbor Advisors LLC

Posted by Defense World Staff on Jun 24th, 2023

Flagship Harbor Advisors LLC reduced its position in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,974 shares of the ride-sharing company’s stock after selling 355 shares during the period. Flagship Harbor Advisors LLC’s holdings in Uber Technologies were worth $380,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sonnipe Ltd purchased a new position in Uber Technologies in the fourth quarter valued at about $30,000. Sandy Spring Bank lifted its position in Uber Technologies by 36.4% during the 4th quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 331 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in Uber Technologies by 114.0% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,425 shares of the ride-sharing company’s stock worth $35,000 after acquiring an additional 759 shares during the period. Heritage Wealth Management LLC grew its position in Uber Technologies by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 1,554 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 777 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Uber Technologies by 56.9% during the first quarter. Parkside Financial Bank & Trust now owns 1,180 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 428 shares during the period. Hedge funds and other institutional investors own 73.90% of the company’s stock.

Uber Technologies Stock Up 1.3 %

Shares of Uber Technologies stock opened at $43.36 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.06 and a quick ratio of 1.06. Uber Technologies, Inc. has a 1-year low of $19.90 and a 1-year high of $43.87. The business’s fifty day moving average price is $37.74 and its two-hundred day moving average price is $32.94. The company has a market capitalization of $87.75 billion, a P/E ratio of -25.06, a PEG ratio of 19.55 and a beta of 1.19.

Uber Technologies (NYSE:UBER – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The ride-sharing company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $8.82 billion for the quarter, compared to analyst estimates of $8.71 billion. Uber Technologies had a negative return on equity of 43.94% and a negative net margin of 9.95%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company earned ($0.18) earnings per share. As a group, research analysts forecast that Uber Technologies, Inc. will post 0.05 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UBER shares. Barclays raised their price target on shares of Uber Technologies from $45.00 to $57.00 in a report on Friday. Jefferies Financial Group lifted their target price on Uber Technologies from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. TheStreet raised Uber Technologies from a “d” rating to a “c-” rating in a report on Tuesday, May 2nd. Oppenheimer lifted their price objective on Uber Technologies from $55.00 to $65.00 in a report on Wednesday. Finally, Piper Jaffray Companies increased their target price on Uber Technologies from $41.00 to $43.00 in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Insiders Place Their Bets

In related news, insider Tony West sold 12,501 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $37.85, for a total transaction of $473,162.85. Following the transaction, the insider now owns 181,750 shares in the company, valued at $6,879,237.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Tony West sold 12,501 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $37.85, for a total transaction of $473,162.85. Following the completion of the transaction, the insider now owns 181,750 shares of the company’s stock, valued at $6,879,237.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 644 shares of Uber Technologies stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $41.00, for a total value of $26,404.00. Following the transaction, the insider now directly owns 128,916 shares in the company, valued at $5,285,556. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,143 shares of company stock worth $1,547,399. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Profile

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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.

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