Delta Investment Management LLC Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Delta Investment Management LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 25.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,943 shares of the ride-sharing company's stock after selling 3,699 shares during the quarter. Delta Investment Management LLC's holdings in Uber Technologies were worth $660,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Grassi Investment Management raised its position in shares of Uber Technologies by 0.5% during the 4th quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock worth $5,907,000 after acquiring an additional 500 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Uber Technologies by 6.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 3,923 shares of the ride-sharing company's stock valued at $237,000 after purchasing an additional 241 shares during the last quarter. Merit Financial Group LLC increased its stake in Uber Technologies by 1,462.9% in the fourth quarter. Merit Financial Group LLC now owns 57,138 shares of the ride-sharing company's stock valued at $3,447,000 after purchasing an additional 53,482 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Uber Technologies by 47.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 7,921 shares of the ride-sharing company's stock worth $478,000 after purchasing an additional 2,541 shares in the last quarter. Finally, Romano Brothers AND Company lifted its position in shares of Uber Technologies by 57.3% during the 4th quarter. Romano Brothers AND Company now owns 5,604 shares of the ride-sharing company's stock worth $338,000 after buying an additional 2,042 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Citigroup boosted their target price on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. The Goldman Sachs Group lifted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.69.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,788 shares of company stock valued at $6,517,070. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.7%

Shares of Uber Technologies stock opened at $92.41 on Tuesday. The company has a 50-day moving average of $76.76 and a two-hundred day moving average of $72.07. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.17. 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 stock has a market cap of $193.24 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating 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 return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.

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