Envestnet Portfolio Solutions Inc. Has $15.01 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Envestnet Portfolio Solutions Inc. decreased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,034 shares of the ride-sharing company's stock after selling 24,739 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Uber Technologies were worth $15,012,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares in the last quarter. Capital Research Global Investors boosted its stake in 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 valued at $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC boosted its stake in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after buying an additional 1,061,088 shares in the last quarter. Capital World Investors boosted its stake in Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after buying an additional 2,792,039 shares in the last quarter. Finally, Norges Bank bought a new position in Uber Technologies in the 4th quarter valued at $1,467,754,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 1.6%

NYSE UBER opened at $83.43 on Friday. The stock has a 50-day simple moving average of $83.30 and a 200 day simple moving average of $74.30. The company has a market capitalization of $174.46 billion, a PE ratio of 14.61, a P/E/G ratio of 1.06 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. JPMorgan Chase & Co. lifted 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. Loop Capital reiterated a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Finally, Citigroup lifted their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.39.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value 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 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.

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.

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