Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,201 shares of the ride-sharing company's stock after selling 4,549 shares during the period. Uber Technologies accounts for about 3.0% of Beech Hill Advisors Inc.'s portfolio, making the stock its 5th biggest holding. Beech Hill Advisors Inc.'s holdings in Uber Technologies were worth $7,519,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC purchased a new stake in Uber Technologies in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the first quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UBER shares. DA Davidson raised their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. TD Cowen cut their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.18.

Uber Technologies Trading Up 2.4%

Shares of UBER stock traded up $2.19 during trading hours on Thursday, hitting $93.09. 23,563,190 shares of the company were exchanged, compared to its average volume of 20,993,427. The firm has a market cap of $194.67 billion, a PE ratio of 16.30, a PEG ratio of 1.17 and a beta of 1.38. The firm has a fifty day moving average of $84.48 and a 200 day moving average of $74.83. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $94.24. 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 released its quarterly earnings data 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. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates 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 was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) EPS. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate 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.