WMS Partners LLC Trims Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Posted by MarketBeat News on Sep 5th, 2023

WMS Partners LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,768 shares of the ride-sharing company’s stock after selling 7,658 shares during the quarter. WMS Partners LLC’s holdings in Uber Technologies were worth $2,782,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Van Hulzen Asset Management LLC purchased a new stake in Uber Technologies in the first quarter valued at approximately $207,000. Vinva Investment Management Ltd purchased a new stake in shares of Uber Technologies during the first quarter worth $1,566,000. BOKF NA increased its position in shares of Uber Technologies by 2.0% during the first quarter. BOKF NA now owns 67,116 shares of the ride-sharing company’s stock worth $2,128,000 after acquiring an additional 1,311 shares during the period. Brown Advisory Inc. increased its position in shares of Uber Technologies by 689.0% during the first quarter. Brown Advisory Inc. now owns 899,535 shares of the ride-sharing company’s stock worth $28,515,000 after acquiring an additional 785,528 shares during the period. Finally, KBC Group NV increased its position in shares of Uber Technologies by 157.9% during the first quarter. KBC Group NV now owns 298,986 shares of the ride-sharing company’s stock worth $9,478,000 after acquiring an additional 183,065 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 Uber Technologies 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 transaction, the chief executive officer now directly owns 1,485,167 shares of the company’s stock, valued at approximately $66,832,515. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies 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 transaction, the chief financial officer now directly owns 291,807 shares of the company’s stock, valued at approximately $13,145,905.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the chief executive officer now directly owns 1,485,167 shares of the company’s stock, valued at $66,832,515. The disclosure for this sale can be found here. Insiders sold a total of 325,642 shares of company stock valued at $14,830,237 in the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Want More Great Investing Ideas?

A number of analysts have recently weighed in on the company. Roth Mkm upped their price objective on Uber Technologies from $46.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Morgan Stanley upped their price objective on shares of Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Bank of America upped their price objective on shares of Uber Technologies from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Loop Capital upped their price objective on shares of Uber Technologies from $48.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Barclays upped their price objective on shares of Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Thirty-one 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.

View Our Latest Research Report on Uber Technologies

Uber Technologies Stock Down 1.1 %

Uber Technologies stock traded down $0.52 during midday trading on Tuesday, hitting $46.52. 8,110,364 shares of the stock were exchanged, compared to its average volume of 23,321,994. Uber Technologies, Inc. has a 1 year low of $22.94 and a 1 year high of $49.49. The firm has a market cap of $95.06 billion, a P/E ratio of -213.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.23. The company has a 50 day moving average price of $45.19 and a two-hundred day moving average price of $38.84.

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 for the quarter, topping the consensus estimate of ($0.01) by $0.19. The company had revenue of $9.23 billion during 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 firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the business earned ($1.33) EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

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.

Featured Articles

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.