Capital Investment Advisors LLC Sells 7,572 Shares of Uber Technologies, Inc. (NYSE:UBER)

Capital Investment Advisors LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 63.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,428 shares of the ride-sharing company's stock after selling 7,572 shares during the period. Capital Investment Advisors LLC's holdings in Uber Technologies were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Capital Research Global Investors raised its holdings in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC raised its holdings in Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after buying an additional 1,061,088 shares during the last quarter. Capital World Investors raised its holdings in Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after buying an additional 2,792,039 shares during the last quarter. Finally, Norges Bank acquired a new position in Uber Technologies during the fourth quarter worth $1,467,754,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock traded down $1.81 during trading hours on Friday, hitting $83.81. 17,974,278 shares of the company were exchanged, compared to its average volume of 20,761,891. The stock has a market capitalization of $175.26 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $82.19 and a 200 day simple moving average of $73.97. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) earnings per share. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm'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 completion of the transaction, 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. Insiders sold 40,384 shares of company stock worth $3,441,071 over the last quarter. Corporate insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. 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, May 23rd. Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. UBS Group upped their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Finally, Citigroup upped 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. Twelve investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $94.39.

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.