Cwm LLC Has $16.44 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cwm LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 218,775 shares of the ride-sharing company’s stock after selling 28,510 shares during the quarter. Cwm LLC’s holdings in Uber Technologies were worth $16,443,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UBER. Morgan Stanley boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Evercore ISI increased their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. 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 note on Wednesday, August 7th. Oppenheimer upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.11.

Uber Technologies Price Performance

Uber Technologies stock opened at $77.90 on Friday. The stock’s 50 day moving average price is $72.10 and its two-hundred day moving average price is $70.51. The stock has a market capitalization of $163.66 billion, a price-to-earnings ratio of 85.60, a PEG ratio of 1.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts predict that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on 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 completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

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.