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

Brown Advisory Inc. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.1% in the 1st quarter, according to 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 period. Uber Technologies accounts for 1.4% of Brown Advisory Inc.'s holdings, making the stock its 16th largest position. Brown Advisory Inc. owned about 0.65% of Uber Technologies worth $990,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $395,000. Proficio Capital Partners LLC raised its position in shares of Uber Technologies by 3.2% in the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock valued at $4,259,000 after buying an additional 2,184 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of Uber Technologies by 121.5% in the fourth quarter. Edgestream Partners L.P. now owns 22,395 shares of the ride-sharing company's stock valued at $1,351,000 after buying an additional 12,283 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UBER. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Bank of America raised their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday. KGI Securities reiterated a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, Loop Capital reiterated a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Thirteen research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $95.97.

Uber Technologies Trading Up 0.9%

UBER traded up $0.84 during midday trading on Tuesday, hitting $97.52. 20,566,899 shares of the company were exchanged, compared to its average volume of 21,179,519. The firm has a market capitalization of $203.93 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.19 and a beta of 1.40. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72. The firm's 50 day moving average price is $87.27 and its 200-day moving average price is $76.78. 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 announced 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. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.32) EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The shares were 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 directly owned 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by 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.