Moody National Bank Trust Division reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 51.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,956 shares of the ride-sharing company’s stock after selling 15,944 shares during the period. Moody National Bank Trust Division’s holdings in Uber Technologies were worth $306,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of Uber Technologies during the 1st quarter valued at $27,000. Core Alternative Capital grew its position in shares of Uber Technologies by 3,079.2% during the 1st quarter. Core Alternative Capital now owns 763 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 739 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Uber Technologies during the 1st quarter valued at $32,000. Northern Oak Wealth Management Inc. bought a new stake in shares of Uber Technologies during the 4th quarter worth $34,000. Finally, Dravo Bay LLC purchased a new position in Uber Technologies in the first quarter worth $34,000. 71.57% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on UBER shares. Sanford C. Bernstein dropped their price target on Uber Technologies from $45.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, May 24th. Morgan Stanley raised their price objective on Uber Technologies from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, August 3rd. BTIG Research decreased their price objective on Uber Technologies from $55.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Raymond James raised Uber Technologies from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Wednesday, August 3rd. Finally, Wedbush reissued an “outperform” rating and set a $38.00 price objective on shares of Uber Technologies in a report on Wednesday, June 29th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.45.
Insider Activity at Uber Technologies
Uber Technologies Trading Down 1.4 %
NYSE UBER opened at $31.49 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.26. Uber Technologies, Inc. has a twelve month low of $19.90 and a twelve month high of $48.88. The firm has a market capitalization of $62.35 billion, a PE ratio of -6.04 and a beta of 1.21. The stock’s 50 day moving average is $28.24 and its 200 day moving average is $27.77.
Uber Technologies (NYSE:UBER – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 69.83%. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.37 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 105.6% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post -4.66 earnings per share for the current fiscal year.
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 the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.
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