Angeles Investment Advisors LLC Sells 1,205 Shares of Uber Technologies, Inc. (NYSE:UBER)

Angeles Investment Advisors LLC lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,721 shares of the ride-sharing company’s stock after selling 1,205 shares during the period. Angeles Investment Advisors LLC’s holdings in Uber Technologies were worth $416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. boosted its position in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies in the first quarter worth $32,000. Finally, MCF Advisors LLC increased its holdings in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on UBER shares. Morgan Stanley increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Loop Capital increased their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. DA Davidson raised their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Melius Research initiated coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. Finally, Wolfe Research began coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $72.48 on Monday. The stock has a market cap of $151.45 billion, a PE ratio of 116.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The firm has a fifty day moving average price of $69.41 and a 200-day moving average price of $70.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. Equities analysts anticipate 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.