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Kintegral Advisory LLC Trims Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Uber Technologies logo with Computer and Technology background

Kintegral Advisory LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,585 shares of the ride-sharing company's stock after selling 5,191 shares during the quarter. Kintegral Advisory LLC's holdings in Uber Technologies were worth $771,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UBER. Capital Research Global Investors grew its holdings in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank bought a new position in shares of Uber Technologies during the fourth quarter worth $1,467,754,000. Boston Partners purchased a new position in Uber Technologies during the fourth quarter valued at $381,057,000. Toyota Motor Corp purchased a new position in Uber Technologies during the fourth quarter valued at $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies in the 4th quarter valued at $298,644,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Canaccord Genuity Group reissued a "hold" rating and set a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Raymond James Financial downgraded Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Finally, UBS Group upped their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Thirteen research 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 has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

Read Our Latest Stock Report on UBER

Uber Technologies Stock Up 1.5%

Shares of NYSE:UBER traded up $1.41 during trading on Friday, reaching $93.46. The stock had a trading volume of 8,112,562 shares, compared to its average volume of 21,089,075. The firm's 50-day simple moving average is $86.90 and its 200 day simple moving average is $76.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $94.38. The company has a market capitalization of $195.43 billion, a P/E ratio of 16.37, a PEG ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm earned ($0.32) earnings per share. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's 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 sale, the chief financial officer owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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