Uber Technologies, Inc. (NYSE:UBER) Shares Sold by No Street GP LP

Posted by MarketBeat News on Sep 11th, 2023

No Street GP LP lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,025,000 shares of the ride-sharing company’s stock after selling 500,000 shares during the period. Uber Technologies accounts for approximately 12.2% of No Street GP LP’s investment portfolio, making the stock its biggest position. No Street GP LP owned about 0.15% of Uber Technologies worth $95,892,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of UBER. Sandy Spring Bank raised its position in shares of Uber Technologies by 36.4% during the 4th quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 331 shares during the period. AdvisorNet Financial Inc raised its position in shares of Uber Technologies by 11.8% during the 1st quarter. AdvisorNet Financial Inc now owns 3,183 shares of the ride-sharing company’s stock valued at $101,000 after buying an additional 337 shares during the period. Harbour Investments Inc. raised its position in shares of Uber Technologies by 10.8% during the 4th quarter. Harbour Investments Inc. now owns 3,494 shares of the ride-sharing company’s stock valued at $86,000 after buying an additional 340 shares during the period. Cigna Investments Inc. New raised its position in Uber Technologies by 1.8% in the fourth quarter. Cigna Investments Inc. New now owns 20,219 shares of the ride-sharing company’s stock valued at $500,000 after purchasing an additional 358 shares during the period. Finally, Claro Advisors LLC raised its position in Uber Technologies by 2.5% in the fourth quarter. Claro Advisors LLC now owns 15,713 shares of the ride-sharing company’s stock valued at $389,000 after purchasing an additional 382 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 30,025 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $45.00, for a total value of $1,351,125.00. Following the completion of the sale, the chief executive officer now owns 1,485,167 shares of the company’s stock, valued at approximately $66,832,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Nelson Chai sold 100,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $45.05, for a total transaction of $4,505,000.00. Following the completion of the sale, the chief financial officer now owns 291,807 shares of the company’s stock, valued at approximately $13,145,905.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi sold 30,025 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $45.00, for a total transaction of $1,351,125.00. Following the sale, the chief executive officer now directly owns 1,485,167 shares of the company’s stock, valued at approximately $66,832,515. The disclosure for this sale can be found here. Insiders have sold 324,998 shares of company stock worth $14,803,833 in the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Up 2.9 %

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UBER stock traded up $1.35 during midday trading on Monday, hitting $48.59. The stock had a trading volume of 12,336,656 shares, compared to its average volume of 23,164,105. The firm has a market cap of $99.29 billion, a PE ratio of -218.55 and a beta of 1.23. The company’s 50-day moving average price is $45.43 and its 200 day moving average price is $39.18. Uber Technologies, Inc. has a 12-month low of $22.94 and a 12-month high of $49.49. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.23.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.19. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.34 billion. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.33) EPS. On average, equities research analysts predict that Uber Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. BTIG Research boosted their price target on shares of Uber Technologies from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Wolfe Research boosted their target price on shares of Uber Technologies from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Tigress Financial initiated coverage on shares of Uber Technologies in a research note on Friday, July 21st. They set a “buy” rating and a $66.00 target price for the company. Roth Mkm boosted their target price on shares of Uber Technologies from $46.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, Susquehanna boosted their target price on shares of Uber Technologies from $48.00 to $55.00 and gave the stock a “positive” rating in a research note on Wednesday, August 2nd. Thirty-one equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $56.00.

Read Our Latest Research Report on Uber Technologies

About Uber Technologies

(Free Report)

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.