5T Wealth LLC Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

5T Wealth LLC reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 68.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,693 shares of the ride-sharing company's stock after selling 46,715 shares during the quarter. 5T Wealth LLC's holdings in Uber Technologies were worth $1,581,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UBER. Clark Capital Management Group Inc. boosted its position in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after acquiring an additional 399,008 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in Uber Technologies in the fourth quarter valued at about $1,875,000. Finally, APG Asset Management N.V. bought a new position in Uber Technologies in the fourth quarter worth about $84,687,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 1.7%

Uber Technologies stock traded up $1.46 during midday trading on Monday, reaching $85.24. The company's stock had a trading volume of 18,369,748 shares, compared to its average volume of 20,883,248. The business has a 50-day simple moving average of $83.77 and a 200-day simple moving average of $74.60. The company has a market cap of $178.25 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company earned ($0.32) earnings per share. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. KeyCorp upped their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Loop Capital reissued a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Finally, Bank of America upped their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $94.39.

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.