Childress Capital Advisors LLC Sells 5,438 Shares of Uber Technologies, Inc. (NYSE:UBER)

Childress Capital Advisors LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 46.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,227 shares of the ride-sharing company's stock after selling 5,438 shares during the quarter. Childress Capital Advisors LLC's holdings in Uber Technologies were worth $454,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 acquiring an additional 2,364,525 shares during the last quarter. Capital Research Global Investors increased its stake 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 acquiring an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC increased its stake 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 acquiring an additional 1,061,088 shares during the last quarter. Capital World Investors increased its stake 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 acquiring an additional 2,792,039 shares during the last quarter. Finally, Norges Bank bought a new stake in Uber Technologies during the fourth quarter worth approximately $1,467,754,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UBER. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus began coverage on Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price for the company. The Goldman Sachs Group boosted their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday. Finally, Loop Capital restated a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

Uber Technologies Stock Up 0.3%

Uber Technologies stock opened at $83.73 on Friday. The business has a fifty day moving average of $83.53 and a two-hundred day moving average of $74.41. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $175.09 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The business 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.32) earnings per share. On average, analysts forecast 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 the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

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.

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