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

Kercheville Advisors LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,325 shares of the ride-sharing company’s stock after selling 24,100 shares during the period. Uber Technologies makes up approximately 1.6% of Kercheville Advisors LLC’s portfolio, making the stock its 20th biggest holding. Kercheville Advisors LLC’s holdings in Uber Technologies were worth $3,858,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UBER. Vanguard Group Inc. increased its holdings in Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after buying an additional 3,623,951 shares in the last quarter. Capital Research Global Investors raised its holdings in Uber Technologies by 8.2% during the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares in the last quarter. GQG Partners LLC grew its holdings in Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after buying an additional 237,976 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.80% of the stock is owned by insiders.

Uber Technologies Trading Down 1.0 %

Uber Technologies stock opened at $77.62 on Monday. The company has a market cap of $163.07 billion, a P/E ratio of 85.30, a PEG ratio of 1.33 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $87.00. The firm’s 50-day moving average is $75.09 and its 200-day moving average is $70.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the firm posted $0.18 EPS. Uber Technologies’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research reports. Citigroup increased their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. JMP Securities upped their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $97.00 price target on shares of Uber Technologies in a research note on Friday, September 13th. Bank of America increased their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.86.

Uber Technologies Company Profile

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.