Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,540 shares of the ride-sharing company’s stock after selling 16,190 shares during the period. Bard Financial Services Inc.’s holdings in Uber Technologies were worth $3,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UBER. American Century Companies Inc. raised its stake in Uber Technologies by 28.7% in the first quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after buying an additional 5,142 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Uber Technologies during the first quarter worth about $3,359,000. Panagora Asset Management Inc. increased its position in shares of Uber Technologies by 29.3% during the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock worth $808,000 after purchasing an additional 5,134 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Uber Technologies by 11.7% during the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock worth $938,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Uber Technologies by 17.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock worth $40,838,000 after purchasing an additional 168,475 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on UBER shares. BTIG Research lifted their target price on Uber Technologies from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. The Goldman Sachs Group lifted their target price on Uber Technologies from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company raised their price target on Uber Technologies from $53.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, August 17th. Jefferies Financial Group raised their price target on Uber Technologies from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Wolfe Research raised their price target on Uber Technologies from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Thirty-one research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Buy” and a consensus target price of $56.00.

Uber Technologies Trading Down 1.7 %

Shares of Uber Technologies stock opened at $47.52 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.23. Uber Technologies, Inc. has a 1 year low of $22.94 and a 1 year high of $49.49. The company has a market capitalization of $97.11 billion, a P/E ratio of -215.99 and a beta of 1.23. The business has a 50 day moving average price of $45.95 and a 200 day moving average price of $39.64.

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

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 30,025 shares of the business’s stock in a transaction on Monday, June 26th. The stock was 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 in the company, valued at approximately $66,832,515. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Nelson Chai sold 100,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $45.05, for a total transaction of $4,505,000.00. Following the completion of the sale, the chief financial officer now directly owns 291,807 shares in the company, valued at approximately $13,145,905.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 30,025 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $45.00, for a total value of $1,351,125.00. Following the sale, the chief executive officer now owns 1,485,167 shares of the company’s stock, valued at $66,832,515. The disclosure for this sale can be found here. In the last three months, insiders sold 300,000 shares of company stock worth $13,756,000. Insiders own 3.84% of the company’s stock.

About Uber Technologies

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.