DekaBank Deutsche Girozentrale Reduces Holdings in Uber Technologies, Inc. (NYSE:UBER)

DekaBank Deutsche Girozentrale trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 929,394 shares of the ride-sharing company's stock after selling 8,288 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Uber Technologies were worth $64,947,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Navalign LLC grew its position in Uber Technologies by 0.5% during the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after purchasing an additional 126 shares during the last quarter. Grove Bank & Trust grew its position in Uber Technologies by 0.9% during the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after purchasing an additional 133 shares during the last quarter. Amplius Wealth Advisors LLC grew its position in Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after purchasing an additional 145 shares during the last quarter. United Advisor Group LLC boosted its holdings in shares of Uber Technologies by 3.6% during the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after acquiring an additional 153 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Uber Technologies by 19.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 947 shares of the ride-sharing company's stock valued at $69,000 after acquiring an additional 156 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER stock traded up $0.20 on Thursday, reaching $96.84. The company's stock had a trading volume of 7,379,610 shares, compared to its average volume of 21,206,060. The stock's fifty day simple moving average is $87.94 and its 200-day simple moving average is $77.06. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $202.52 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40.

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, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm posted ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. UBS Group raised their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Finally, Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Thirteen analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.97.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.84% 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.