Angeles Investment Advisors LLC Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Angeles Investment Advisors LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UBER. Aptus Capital Advisors LLC grew its stake in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares in the last quarter. US Bancorp DE grew its position in shares of Uber Technologies by 2.5% in the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after purchasing an additional 24,059 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Uber Technologies by 26.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after purchasing an additional 8,614 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Uber Technologies by 70.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock worth $959,000 after purchasing an additional 6,426 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 6.4 %

Shares of UBER opened at $72.48 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $151.45 billion, a P/E ratio of 116.90, a PEG ratio of 1.21 and a beta of 1.33. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The firm has a fifty day simple moving average of $69.41 and a two-hundred day simple moving average of $70.89.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.06% and a net margin of 5.02%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were 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 owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UBER shares. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Melius Research started coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Morgan Stanley increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.60.

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.