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

Flossbach Von Storch SE trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 about 0.05% of Uber Technologies worth $78,243,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of UBER. Brighton Jones LLC raised its stake in shares of 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 purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in Uber Technologies during the fourth quarter valued at approximately $395,000. Proficio Capital Partners LLC raised its position in Uber Technologies by 3.2% during the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock valued at $4,259,000 after acquiring an additional 2,184 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in Uber Technologies by 121.5% during the fourth quarter. Edgestream Partners L.P. now owns 22,395 shares of the ride-sharing company's stock valued at $1,351,000 after acquiring an additional 12,283 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,496,071 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on UBER. Loop Capital reiterated a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Barclays lifted their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Finally, Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $96.12.

Uber Technologies Trading Down 1.1%

NYSE UBER traded down $1.04 on Friday, reaching $95.36. 12,442,436 shares of the company were exchanged, compared to its average volume of 21,233,017. The business's fifty day moving average price is $88.47 and its 200 day moving average price is $77.64. The stock has a market capitalization of $199.41 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. 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 fifty-two week low of $54.84 and a fifty-two week high of $97.72.

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, topping 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 return on equity of 66.46% and a net margin of 27.07%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.32) earnings per share. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

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.