Garde Capital Inc. Sells 6,187 Shares of Uber Technologies, Inc. (NYSE:UBER)

Garde Capital Inc. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. Navalign LLC raised its stake in Uber Technologies by 0.5% during the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after acquiring an additional 126 shares during the period. Welch & Forbes LLC raised its stake in Uber Technologies by 3.9% during the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after acquiring an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC raised its stake in Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after acquiring an additional 150 shares during the period. United Advisor Group LLC raised its stake in Uber Technologies by 3.6% during the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock worth $263,000 after acquiring an additional 153 shares during the period. Finally, Drive Wealth Management LLC raised its stake in Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after acquiring an additional 155 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 0.7%

NYSE UBER traded down $0.61 during trading on Wednesday, hitting $88.39. The stock had a trading volume of 13,749,595 shares, compared to its average volume of 20,402,983. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market capitalization of $184.84 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The stock has a 50 day simple moving average of $78.76 and a 200 day simple moving average of $72.73.

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 (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 over the last 90 days. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Barclays raised their target price 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. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. DA Davidson raised their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. KeyCorp increased their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

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.