Bogart Wealth LLC Sells 46,165 Shares of Uber Technologies, Inc. (NYSE:UBER)

Bogart Wealth LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,550 shares of the ride-sharing company's stock after selling 46,165 shares during the quarter. Bogart Wealth LLC's holdings in Uber Technologies were worth $6,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBER. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the last quarter. Perkins Coie Trust Co lifted its position in Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $27,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UBER. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Citigroup upped their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, UBS Group boosted their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Thirteen 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.63.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 owned 102,135 shares in the company, 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 have sold a total of 40,384 shares of company stock worth $3,496,071 over the last three months. 3.70% of the stock is currently owned by insiders.

Uber Technologies Stock Down 1.6%

Shares of Uber Technologies stock traded down $1.51 during midday trading on Monday, hitting $93.88. The company had a trading volume of 14,286,297 shares, compared to its average volume of 22,837,396. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.71. 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 stock has a market capitalization of $196.32 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.21 and a beta of 1.40. The company has a 50 day moving average of $88.47 and a 200 day moving average of $77.75.

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

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.