Garde Capital Inc. Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Garde Capital Inc. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,667 shares of the ride-sharing company's stock after selling 6,187 shares during the period. Garde Capital Inc.'s holdings in Uber Technologies were worth $1,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Allworth Financial LP lifted its position in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Uber Technologies during the fourth quarter valued at approximately $3,188,000. Clark Capital Management Group Inc. boosted its position in shares of Uber Technologies by 11,354.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares during the period. Baader Bank Aktiengesellschaft increased its stake in shares of Uber Technologies by 1,705.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company's stock worth $3,414,000 after purchasing an additional 53,457 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its position in shares of Uber Technologies by 6.4% during the 4th quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company's stock valued at $5,107,000 after purchasing an additional 5,095 shares during the period. 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 Uber Technologies stock in a transaction on 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 transaction, the insider now directly owns 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock worth $6,517,070 over the last 90 days. Company insiders own 3.84% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of several recent analyst reports. DA Davidson upped their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. TD Cowen dropped their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, Piper Sandler restated an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Trading Up 1.4%

UBER traded up $1.25 during trading on Tuesday, reaching $89.00. The company had a trading volume of 17,434,956 shares, compared to its average volume of 20,428,867. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The stock has a market cap of $186.11 billion, a P/E ratio of 19.52, a PEG ratio of 0.89 and a beta of 1.43. The business has a 50 day simple moving average of $78.47 and a 200-day simple moving average of $72.61.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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.