Flossbach Von Storch SE Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

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 institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Clark Capital Management Group Inc. raised its position in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its holdings in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after buying an additional 3,073 shares during the period. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the period. Mufg Securities Americas Inc. acquired a new position in Uber Technologies in the 4th quarter worth approximately $1,875,000. Finally, APG Asset Management N.V. acquired a new position in Uber Technologies in the 4th quarter worth approximately $84,687,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UBER. 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. Barclays raised their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Citigroup raised their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Thirteen 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 a consensus rating of "Moderate Buy" and an average price target of $95.97.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 owned 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 owned 102,135 shares of the company's stock, 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. Insiders own 3.70% of the company's stock.

Uber Technologies Trading Down 1.0%

Shares of UBER traded down $0.96 during trading on Wednesday, reaching $96.52. 14,837,383 shares of the company traded hands, compared to its average volume of 21,209,937. The stock has a market cap of $201.84 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $87.63 and a 200-day simple moving average of $76.92. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.90.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) EPS. On average, analysts anticipate 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.