Krilogy Financial LLC Sells 5,603 Shares of Uber Technologies, Inc. (NYSE:UBER)

Krilogy Financial LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,542 shares of the ride-sharing company's stock after selling 5,603 shares during the period. Krilogy Financial LLC's holdings in Uber Technologies were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Allworth Financial LP lifted its position in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Clark Capital Management Group Inc. lifted its position in shares of Uber Technologies by 11,354.8% during 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 acquiring an additional 399,008 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after acquiring an additional 3,073 shares in the last quarter. TigerOak Management L.L.C. purchased a new stake in shares of Uber Technologies in the fourth quarter worth $1,278,000. Finally, Americana Partners LLC raised its position in shares of Uber Technologies by 1,408.2% in the fourth quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company's stock worth $4,714,000 after buying an additional 72,975 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's 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 transaction, the insider now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,384 shares of company stock worth $3,441,071. Insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UBER shares. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. The Goldman Sachs Group increased their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Truist Financial increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Citigroup raised their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.39.

Uber Technologies Stock Down 2.1%

Shares of UBER stock traded down $1.81 during trading hours on Friday, hitting $83.81. 17,974,278 shares of the company's stock traded hands, compared to its average volume of 20,798,681. The stock's fifty day simple moving average is $82.19 and its two-hundred day simple moving average is $73.99. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.89 and a beta of 1.38. 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 (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $11.61 billion. During the same period last year, the business earned ($0.32) earnings per share. The business's revenue was up 13.8% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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.