CenterBook Partners LP Sells 193,318 Shares of Uber Technologies, Inc. (NYSE:UBER)

CenterBook Partners LP lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 60.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,365 shares of the ride-sharing company's stock after selling 193,318 shares during the period. CenterBook Partners LP's holdings in Uber Technologies were worth $9,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Clark Capital Management Group Inc. increased its holdings in Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after buying an additional 399,008 shares during the last quarter. UMB Bank n.a. grew its position in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $1,875,000. Finally, APG Asset Management N.V. bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $84,687,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Uber Technologies stock traded down $1.51 during mid-day trading on Monday, hitting $93.88. 14,286,297 shares of the company traded hands, compared to its average volume of 22,837,396. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $196.32 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The stock has a fifty day moving average price of $88.47 and a 200-day moving average price of $77.75.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the business posted ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on UBER. DA Davidson increased their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Barclays upped their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Stifel Nicolaus started coverage on Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price objective on the stock. Finally, Raymond James Financial lowered shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $97.63.

Insider Transactions at Uber Technologies

In other news, 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 directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.70% of the stock is currently owned by insiders.

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.