Prelude Capital Management LLC Has $4.07 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Prelude Capital Management LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,446 shares of the ride-sharing company’s stock after selling 576 shares during the quarter. Prelude Capital Management LLC’s holdings in Uber Technologies were worth $4,072,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. bought a new stake in Uber Technologies during the first quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC raised its position in Uber Technologies by 89.3% during the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Sandy Spring Bank raised its position in Uber Technologies by 36.4% during the 4th quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 331 shares during the last quarter. MCF Advisors LLC bought a new position in Uber Technologies during the 1st quarter worth $32,000. Finally, Colonial Trust Advisors raised its position in Uber Technologies by 23,500.0% during the 1st quarter. Colonial Trust Advisors now owns 1,180 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UBER. Loop Capital raised their target price on Uber Technologies from $48.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Bank of America increased their price target on Uber Technologies from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Needham & Company LLC increased their price target on Uber Technologies from $56.00 to $60.00 in a report on Wednesday, August 2nd. The Goldman Sachs Group raised their target price on Uber Technologies from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Sanford C. Bernstein raised their target price on Uber Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Thirty-one investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Buy” and an average price target of $56.00.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.33 during mid-day trading on Wednesday, hitting $48.25. 5,918,017 shares of the stock were exchanged, compared to its average volume of 23,076,367. Uber Technologies, Inc. has a 12 month low of $22.94 and a 12 month high of $49.49. The company has a 50-day simple moving average of $45.64 and a 200 day simple moving average of $39.38. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.23 and a current ratio of 1.24. The company has a market capitalization of $98.60 billion, a P/E ratio of -217.82 and a beta of 1.23.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.19. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.34 billion. During the same quarter last year, the firm earned ($1.33) EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 16,664 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $42.00, for a total value of $699,888.00. Following the completion of the transaction, the insider now directly owns 164,693 shares in the company, valued at approximately $6,917,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Tony West sold 16,664 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $42.00, for a total value of $699,888.00. Following the completion of the transaction, the insider now directly owns 164,693 shares in the company, valued at approximately $6,917,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nelson Chai sold 100,000 shares of the business’s stock in a transaction 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 owns 291,807 shares of the company’s stock, valued at $13,145,905.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 316,664 shares of company stock valued at $14,455,888. 3.84% of the stock is owned by company insiders.

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.