Uber Technologies, Inc. (NYSE:UBER) Stock Position Cut by First Dallas Securities Inc.

First Dallas Securities Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,850 shares of the ride-sharing company’s stock after selling 5,800 shares during the quarter. Uber Technologies accounts for about 2.6% of First Dallas Securities Inc.’s holdings, making the stock its 6th biggest holding. First Dallas Securities Inc.’s holdings in Uber Technologies were worth $5,875,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Covenant Asset Management LLC raised its position in Uber Technologies by 0.3% in the 1st quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company’s stock valued at $4,078,000 after purchasing an additional 157 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in shares of Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after purchasing an additional 157 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC raised its stake in Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after buying an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. Jefferies Financial Group cut their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Roth Mkm boosted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Wolfe Research assumed coverage on Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. Finally, Truist Financial upped their target price on Uber Technologies from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Up 0.5 %

NYSE:UBER traded up $0.37 during mid-day trading on Thursday, reaching $71.93. The company’s stock had a trading volume of 2,041,219 shares, compared to its average volume of 18,375,203. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $151.12 billion, a P/E ratio of 116.65, a P/E/G ratio of 1.31 and a beta of 1.33. The company’s fifty day simple moving average is $69.56 and its two-hundred day simple moving average is $71.32. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company 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 business posted $0.18 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 1.05 EPS for the current year.

Uber Technologies 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.