Alps Advisors Inc. Sells 10,612 Shares of Uber Technologies, Inc. (NYSE:UBER)

Alps Advisors Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,800 shares of the ride-sharing company's stock after selling 10,612 shares during the period. Alps Advisors Inc.'s holdings in Uber Technologies were worth $2,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UBER. Allworth Financial LP raised its position in shares of Uber Technologies by 6.5% in the first quarter. Allworth Financial LP now owns 21,713 shares of the ride-sharing company's stock valued at $1,696,000 after purchasing an additional 1,332 shares during the period. Rock Point Advisors LLC acquired a new position in Uber Technologies in the 1st quarter valued at $3,978,000. MainStreet Investment Advisors LLC raised its holdings in Uber Technologies by 5.1% in the 1st quarter. MainStreet Investment Advisors LLC now owns 20,574 shares of the ride-sharing company's stock worth $1,499,000 after acquiring an additional 992 shares during the period. Rogco LP lifted its position in Uber Technologies by 13.4% during the 1st quarter. Rogco LP now owns 8,786 shares of the ride-sharing company's stock worth $640,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its holdings in Uber Technologies by 1.0% during the first quarter. Alpine Woods Capital Investors LLC now owns 29,924 shares of the ride-sharing company's stock valued at $2,180,000 after acquiring an additional 300 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UBER. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. DA Davidson raised their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Loop Capital reaffirmed a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Wells Fargo & Company increased their price objective on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

Uber Technologies Stock Down 1.1%

UBER opened at $95.36 on Friday. The firm has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm's 50-day simple moving average is $88.47 and its 200-day simple moving average is $77.64. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72.

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

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 over the last three months. 3.84% of the stock is 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.

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