Lecap Asset Management Ltd. Sells 21,290 Shares of Uber Technologies, Inc. (NYSE:UBER)

Lecap Asset Management Ltd. trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 40.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 31,562 shares of the ride-sharing company's stock after selling 21,290 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Uber Technologies were worth $2,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies in the 4th quarter worth $395,000. Wealthspire Advisors LLC raised its stake in shares of Uber Technologies by 3.6% in the fourth quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company's stock worth $1,570,000 after purchasing an additional 905 shares during the last quarter. Finally, MONECO Advisors LLC lifted its holdings in shares of Uber Technologies by 10.6% during the fourth quarter. MONECO Advisors LLC now owns 5,357 shares of the ride-sharing company's stock valued at $323,000 after purchasing an additional 513 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

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 that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER opened at $91.59 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The business has a 50-day moving average price of $84.12 and a 200-day moving average price of $74.72. The firm has a market cap of $191.53 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results 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 return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the firm earned ($0.32) EPS. The firm's revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on UBER. Wells Fargo & Company lifted their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. DA Davidson lifted their price target 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. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.39.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.