Uber Technologies, Inc. (NYSE:UBER) Stock Position Lowered by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 34.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,135 shares of the ride-sharing company's stock after selling 6,487 shares during the quarter. Integrated Advisors Network LLC's holdings in Uber Technologies were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Avion Wealth raised its stake in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC purchased a new stake in Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies during the 4th quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's 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 completion of the sale, the insider now owns 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. Over the last quarter, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UBER shares. Raymond James increased their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. Wells Fargo & Company boosted their target price on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Barclays increased their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. 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. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Down 0.4%

NYSE UBER traded down $0.30 during mid-day trading on Friday, reaching $84.00. 29,036,834 shares of the company's stock traded hands, compared to its average volume of 20,590,489. The company has a market cap of $175.66 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a fifty day simple moving average of $79.34 and a 200-day simple moving average of $73.03.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping 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 firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS 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.