Uber Technologies, Inc. (NYSE:UBER) Stock Position Reduced by Captrust Financial Advisors

Captrust Financial Advisors decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,563 shares of the ride-sharing company's stock after selling 4,358 shares during the period. Captrust Financial Advisors' holdings in Uber Technologies were worth $6,910,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Avion Wealth lifted its position in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. Transce3nd LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $28,000. GHP Investment Advisors Inc. boosted its position in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the period. Finally, Kieckhefer Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,904 shares of company stock worth $6,027,619 in the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

UBER traded up $0.30 during trading on Friday, reaching $82.60. The stock had a trading volume of 19,093,139 shares, compared to its average volume of 20,148,873. The stock has a 50 day moving average of $74.72 and a two-hundred day moving average of $71.59. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $172.73 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the business posted ($0.32) earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UBER. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. DA Davidson lifted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $80.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.69.

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.