Brown Advisory Inc. Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Brown Advisory Inc. lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,591,949 shares of the ride-sharing company's stock after selling 3,209,241 shares during the quarter. Uber Technologies makes up approximately 1.4% of Brown Advisory Inc.'s investment portfolio, making the stock its 16th largest position. Brown Advisory Inc. owned approximately 0.65% of Uber Technologies worth $990,309,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Alpha Cubed Investments LLC acquired a new stake in Uber Technologies during the first quarter worth approximately $230,000. Crossmark Global Holdings Inc. boosted its holdings in Uber Technologies by 10.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 97,759 shares of the ride-sharing company's stock valued at $7,123,000 after purchasing an additional 9,544 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in Uber Technologies by 21.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 71,462 shares of the ride-sharing company's stock valued at $5,207,000 after purchasing an additional 12,727 shares during the period. Financial Counselors Inc. bought a new stake in Uber Technologies in the 1st quarter valued at about $246,000. Finally, Byrne Financial Freedom LLC acquired a new position in Uber Technologies in the 1st quarter valued at $299,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

NYSE UBER traded up $0.15 on Thursday, reaching $96.79. 11,463,229 shares of the company's stock traded hands, compared to its average volume of 21,222,082. The stock has a 50-day simple moving average of $87.94 and a 200 day simple moving average of $77.06. 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, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72. The stock has a market cap of $202.40 billion, a PE ratio of 16.95, a P/E/G ratio of 1.24 and a beta of 1.40.

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

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Stifel Nicolaus initiated coverage on Uber Technologies in a report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price target on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Finally, Wells Fargo & Company raised their price objective on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday. Thirteen research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.97.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction 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 the company'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 transaction of $3,001,070.52. Following the sale, the insider directly owned 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 disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,496,071 over the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies 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.