Uber Technologies, Inc. (NYSE:UBER) Shares Sold by First Foundation Advisors

Key Points

• First Foundation Advisors reduced its stake in Uber Technologies by 11.1%, holding a total of 249,772 shares worth approximately $18.20 million.
• Analysts have generally positive outlooks on Uber, with ten hold ratings and twenty-nine buy ratings, pushing the average price target to around $100.26.
• Insider trading activity showed significant sales, including CFO Prashanth Mahendra-Rajah selling 2,750 shares and insider Jill Hazelbaker selling 34,884 shares, indicating a decline in their ownership stakes.

First Foundation Advisors cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 249,772 shares of the ride-sharing company's stock after selling 31,313 shares during the quarter. First Foundation Advisors' holdings in Uber Technologies were worth $18,198,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Navalign LLC boosted its holdings in shares of 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 buying an additional 126 shares in the last quarter. Grove Bank & Trust grew its stake in shares of 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 acquiring an additional 133 shares during the period. Forum Financial Management LP grew its stake in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after acquiring an additional 136 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after buying an additional 138 shares in the last quarter. Finally, Amplius Wealth Advisors LLC lifted its stake in Uber Technologies by 3.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 3.8%

Shares of UBER stock traded down $3.41 on Tuesday, hitting $87.19. The stock had a trading volume of 24,941,633 shares, compared to its average volume of 15,250,838. 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 firm has a market capitalization of $182.33 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.04 and a beta of 1.40. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.71. The company's 50 day moving average price is $89.16 and its 200-day moving average price is $79.94.

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

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Raymond James Financial downgraded Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, Needham & Company LLC raised their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $100.71.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 sale, 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 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. Insiders own 3.70% of the company's stock.

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.