DekaBank Deutsche Girozentrale Sells 8,288 Shares of Uber Technologies, Inc. (NYSE:UBER)

DekaBank Deutsche Girozentrale lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 929,394 shares of the ride-sharing company's stock after selling 8,288 shares during the period. DekaBank Deutsche Girozentrale's holdings in Uber Technologies were worth $64,947,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. OMNI 360 Wealth Inc. purchased a new position in Uber Technologies during the 1st quarter valued at about $202,000. Personal CFO Solutions LLC increased its holdings in Uber Technologies by 28.9% during the 1st quarter. Personal CFO Solutions LLC now owns 9,145 shares of the ride-sharing company's stock valued at $666,000 after purchasing an additional 2,049 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Uber Technologies by 48.2% during the 1st quarter. Valeo Financial Advisors LLC now owns 58,561 shares of the ride-sharing company's stock worth $4,267,000 after acquiring an additional 19,054 shares during the period. M&T Bank Corp grew its holdings in shares of Uber Technologies by 144.9% during the 1st quarter. M&T Bank Corp now owns 374,161 shares of the ride-sharing company's stock worth $27,261,000 after acquiring an additional 221,396 shares during the period. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Uber Technologies by 3.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 76,206 shares of the ride-sharing company's stock worth $5,552,000 after acquiring an additional 2,454 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business'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 sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,384 shares of company stock valued at $3,496,071. Company insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UBER shares. Bank of America upped their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. KeyCorp upped their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Loop Capital reiterated a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, Wells Fargo & Company upped their target price on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.12.

Uber Technologies Stock Performance

UBER traded down $1.04 during mid-day trading on Friday, reaching $95.36. 12,442,279 shares of the company traded hands, compared to its average volume of 21,228,672. The stock has a market capitalization of $199.41 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.23 and a beta of 1.40. 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 company's fifty day moving average price is $88.25 and its 200-day moving average price is $77.30. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72.

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 business had revenue of $11.53 billion during 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 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. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.