Oxinas Partners Wealth Management LLC Sells 765 Shares of Uber Technologies, Inc. (NYSE:UBER)

Oxinas Partners Wealth Management LLC reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,729 shares of the ride-sharing company’s stock after selling 765 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Uber Technologies were worth $903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Naviter Wealth LLC grew its position in Uber Technologies by 178.3% during the 1st quarter. Naviter Wealth LLC now owns 11,041 shares of the ride-sharing company’s stock worth $850,000 after purchasing an additional 7,074 shares during the last quarter. MV Capital Management Inc. increased its position in shares of Uber Technologies by 870.5% in the 1st quarter. MV Capital Management Inc. now owns 854 shares of the ride-sharing company’s stock valued at $66,000 after acquiring an additional 766 shares during the period. Cullinan Associates Inc. raised its stake in Uber Technologies by 4.8% in the 1st quarter. Cullinan Associates Inc. now owns 99,196 shares of the ride-sharing company’s stock worth $7,637,000 after acquiring an additional 4,516 shares during the last quarter. Oak Thistle LLC acquired a new stake in Uber Technologies during the 1st quarter worth about $478,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Uber Technologies by 19.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,705 shares of the ride-sharing company’s stock valued at $208,000 after purchasing an additional 437 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.6 %

Shares of NYSE UBER traded down $0.43 during trading on Tuesday, reaching $70.67. The stock had a trading volume of 14,301,358 shares, compared to its average volume of 19,376,252. The business’s 50-day moving average price is $67.94 and its 200-day moving average price is $69.95. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $147.67 billion, a P/E ratio of 113.98, a PEG ratio of 1.59 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) earnings per share. On average, equities research analysts predict that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UBER shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. Argus upped their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. Piper Sandler lifted their price objective on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Jefferies Financial Group lowered their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Wells Fargo & Company raised their target price on Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.41.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 635,984 shares of company stock valued at $42,258,297 over the last 90 days. 3.80% of the stock is owned by corporate 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.