Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Creative Financial Designs Inc. ADV

Posted by MarketBeat News on Oct 9th, 2023

Creative Financial Designs Inc. ADV lowered its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,343 shares of the ride-sharing company’s stock after selling 590 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Uber Technologies were worth $1,569,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pinnacle Bancorp Inc. acquired a new position in Uber Technologies during the 1st quarter worth approximately $26,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in Uber Technologies by 89.3% during the first quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 400 shares during the period. Raleigh Capital Management Inc. raised its position in Uber Technologies by 66.5% in the second quarter. Raleigh Capital Management Inc. now owns 651 shares of the ride-sharing company’s stock worth $28,000 after acquiring an additional 260 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in Uber Technologies by 133.8% in the second quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Finally, MCF Advisors LLC purchased a new stake in shares of Uber Technologies during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Uber Technologies Trading Down 1.4 %

Shares of UBER stock opened at $45.12 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Uber Technologies, Inc. has a one year low of $22.94 and a one year high of $49.49. The company has a 50 day moving average price of $45.73 and a 200 day moving average price of $41.04.

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Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.19. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.33) EPS. Analysts forecast that Uber Technologies, Inc. will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Nelson Chai sold 100,000 shares of Uber Technologies stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 291,807 shares of the company’s stock, valued at $13,145,905.35. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $62.00 price objective on shares of Uber Technologies in a research note on Monday, July 31st. Mizuho boosted their price target on Uber Technologies from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Bank of America raised their price objective on Uber Technologies from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Needham & Company LLC reiterated a “buy” rating and set a $60.00 target price on shares of Uber Technologies in a research report on Wednesday, September 27th. Finally, Susquehanna raised their price target on Uber Technologies from $48.00 to $55.00 and gave the company a “positive” rating in a research report on Wednesday, August 2nd. Thirty-one equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $56.00.

Check Out Our Latest Report on Uber Technologies

Uber Technologies Company Profile

(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.

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