Bristol John W & Co. Inc. NY Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Bristol John W & Co. Inc. NY trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876,391 shares of the ride-sharing company's stock after selling 22,727 shares during the quarter. Bristol John W & Co. Inc. NY's holdings in Uber Technologies were worth $52,864,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the 4th quarter valued at $27,000. Avion Wealth boosted its stake in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. Transce3nd LLC acquired a new position in Uber Technologies during the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the fourth quarter worth about $28,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.4%

UBER traded up $1.25 on Tuesday, hitting $89.00. The company had a trading volume of 17,434,956 shares, compared to its average volume of 20,428,867. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The stock has a market capitalization of $186.11 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a fifty day moving average price of $78.47 and a 200-day moving average price of $72.61.

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 analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The company's revenue was up 13.8% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Piper Sandler reissued an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Citigroup boosted their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

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.