Uber Technologies, Inc. (NYSE:UBER) is HS Management Partners LLC's 7th Largest Position

HS Management Partners LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 818,050 shares of the ride-sharing company's stock after selling 300,900 shares during the period. Uber Technologies accounts for about 4.8% of HS Management Partners LLC's portfolio, making the stock its 7th biggest holding. HS Management Partners LLC's holdings in Uber Technologies were worth $59,603,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter worth about $27,000. Kozak & Associates Inc. boosted its stake in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the last quarter. Perkins Coie Trust Co boosted its stake in Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.1%

Shares of Uber Technologies stock traded up $0.07 during trading on Friday, reaching $90.57. The company's stock had a trading volume of 14,207,666 shares, compared to its average volume of 21,184,622. 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 company has a market cap of $189.40 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.15 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 50-day simple moving average of $89.22 and a two-hundred day simple moving average of $78.58.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the firm earned ($0.32) EPS. The business's quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's 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 directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. Barclays increased their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Needham & Company LLC set a $109.00 price objective on Uber Technologies and gave the company a "buy" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. KeyCorp upped their price objective on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, TD Cowen decreased their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.63.

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.