Brown Advisory Inc. Has $990.31 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Brown Advisory Inc. reduced its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,591,949 shares of the ride-sharing company's stock after selling 3,209,241 shares during the period. Uber Technologies comprises about 1.4% of Brown Advisory Inc.'s holdings, making the stock its 16th largest holding. Brown Advisory Inc. owned approximately 0.65% of Uber Technologies worth $990,309,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UBER. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Kozak & Associates Inc. raised its stake in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on UBER shares. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Stifel Nicolaus started coverage on Uber Technologies in a report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price objective on the stock. 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 report on Monday. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, The Goldman Sachs Group increased their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Thirteen 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 has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Insider Buying and Selling at Uber Technologies

In other news, 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 value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,384 shares of company stock valued at $3,496,071. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $1.04 during midday trading on Friday, hitting $95.36. 12,442,436 shares of the company were exchanged, compared to its average volume of 21,206,819. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $199.41 billion, a P/E ratio of 16.70, a PEG ratio of 1.22 and a beta of 1.40. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. The firm has a 50 day simple moving average of $88.47 and a 200-day simple moving average of $77.53.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. Uber Technologies's revenue was up 13.8% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.