Bokf Na Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Bokf Na decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 50,302 shares of the ride-sharing company’s stock after selling 9,328 shares during the period. Bokf Na’s holdings in Uber Technologies were worth $3,656,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. grew its position in Uber Technologies by 27.8% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,851 shares of the ride-sharing company’s stock worth $208,000 after purchasing an additional 620 shares during the last quarter. Trifecta Capital Advisors LLC lifted its stake in shares of Uber Technologies by 4.2% during the second quarter. Trifecta Capital Advisors LLC now owns 79,520 shares of the ride-sharing company’s stock worth $5,780,000 after buying an additional 3,190 shares during the period. LPL Financial LLC increased its position in shares of Uber Technologies by 14.8% in the 2nd quarter. LPL Financial LLC now owns 1,564,380 shares of the ride-sharing company’s stock valued at $113,699,000 after acquiring an additional 201,331 shares during the period. HHM Wealth Advisors LLC raised its stake in Uber Technologies by 7.9% in the 2nd quarter. HHM Wealth Advisors LLC now owns 22,616 shares of the ride-sharing company’s stock worth $1,644,000 after acquiring an additional 1,661 shares during the last quarter. Finally, STAR Financial Bank purchased a new position in Uber Technologies in the 2nd quarter worth $222,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UBER. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Loop Capital increased their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Wells Fargo & Company restated an “overweight” rating and set a $97.00 price objective on shares of Uber Technologies in a research note on Friday. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $85.00 to $90.00 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 given a buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $87.60.

Uber Technologies Price Performance

NYSE:UBER opened at $72.48 on Friday. The stock has a 50 day moving average of $69.41 and a two-hundred day moving average of $70.99. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a market cap of $152.28 billion, a P/E ratio of 116.90, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (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 firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal 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.