Uber Technologies, Inc. (NYSE:UBER) is Deltec Asset Management LLC's 6th Largest Position

Deltec Asset Management LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 240,516 shares of the ride-sharing company's stock after selling 28,861 shares during the period. Uber Technologies comprises about 3.7% of Deltec Asset Management LLC's holdings, making the stock its 6th largest holding. Deltec Asset Management LLC's holdings in Uber Technologies were worth $17,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UBER. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $1,467,754,000. Boston Partners bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $381,057,000. Toyota Motor Corp bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $298,644,000. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The stock was 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 now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.29 during midday trading on Friday, hitting $83.73. The company had a trading volume of 27,456,507 shares, compared to its average volume of 20,893,272. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $175.09 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.06 and a beta of 1.38. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The company has a fifty day moving average of $83.53 and a two-hundred day moving average of $74.39.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. DA Davidson upped their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. KGI Securities reaffirmed a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. UBS Group upped their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

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.