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

Flossbach Von Storch SE cut 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 and Exchange Commission. The firm owned 1,073,876 shares of the ride-sharing company's stock after selling 200,864 shares during the period. Flossbach Von Storch SE owned approximately 0.05% of Uber Technologies worth $78,243,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Trek Financial LLC boosted its stake in shares of Uber Technologies by 3.7% during the 1st quarter. Trek Financial LLC now owns 5,900 shares of the ride-sharing company's stock worth $430,000 after purchasing an additional 211 shares during the period. OMNI 360 Wealth Inc. purchased a new position in shares of Uber Technologies during the 1st quarter worth about $202,000. Personal CFO Solutions LLC boosted its stake in shares of Uber Technologies by 28.9% during the 1st quarter. Personal CFO Solutions LLC now owns 9,145 shares of the ride-sharing company's stock worth $666,000 after purchasing an additional 2,049 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Uber Technologies by 48.2% during the 1st quarter. Valeo Financial Advisors LLC now owns 58,561 shares of the ride-sharing company's stock worth $4,267,000 after purchasing an additional 19,054 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Uber Technologies by 144.9% during the 1st quarter. M&T Bank Corp now owns 374,161 shares of the ride-sharing company's stock worth $27,261,000 after purchasing an additional 221,396 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. JPMorgan Chase & Co. upped their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Bank of America upped their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $95.97.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% 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 valued at $3,496,071. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.25 during midday trading on Thursday, reaching $96.39. The company had a trading volume of 15,642,616 shares, compared to its average volume of 21,263,902. The business's 50-day simple moving average is $87.94 and its 200 day simple moving average is $77.06. The stock has a market cap of $201.57 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.23 and a beta of 1.40. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72. 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 (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 27.07% and a return on equity of 66.46%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.32) earnings per share. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.