Avior Wealth Management LLC Sells 17,952 Shares of Uber Technologies, Inc. (NYSE:UBER)

Avior Wealth Management LLC decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 81.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,080 shares of the ride-sharing company's stock after selling 17,952 shares during the quarter. Avior Wealth Management LLC's holdings in Uber Technologies were worth $297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $28,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.3%

UBER stock opened at $83.73 on Monday. The firm's fifty day simple moving average is $83.53 and its 200-day simple moving average is $74.47. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a market capitalization of $175.09 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

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

Analysts Set New Price Targets

UBER has been the subject of several recent research reports. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. Loop Capital restated a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Finally, Bank of America boosted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $94.39.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by 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.

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