Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,073,876 shares of the ride-sharing company's stock after selling 200,864 shares during the quarter. Flossbach Von Storch SE owned 0.05% of Uber Technologies worth $78,243,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies during the 4th quarter valued at $395,000. Proficio Capital Partners LLC raised its position in shares of Uber Technologies by 3.2% during the 4th quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock valued at $4,259,000 after purchasing an additional 2,184 shares during the period. Finally, Edgestream Partners L.P. raised its position in shares of Uber Technologies by 121.5% during the 4th quarter. Edgestream Partners L.P. now owns 22,395 shares of the ride-sharing company's stock valued at $1,351,000 after purchasing an additional 12,283 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 0.1%

UBER stock traded up $0.12 during midday trading on Thursday, reaching $96.76. 7,379,610 shares of the company were exchanged, compared to its average volume of 21,206,253. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72. The stock's 50-day simple moving average is $87.94 and its 200 day simple moving average is $77.06. The company has a market cap of $202.35 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 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. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.32) earnings per share. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on UBER shares. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. UBS Group raised their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus assumed coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price for the company. Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Finally, KeyCorp raised their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $95.97.

Insider Activity

In related news, 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 sale, the insider owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% 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.