Miller Financial Services LLC Cuts Position in Uber Technologies, Inc. (NYSE:UBER)

Miller Financial Services LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 47.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,905 shares of the ride-sharing company's stock after selling 12,565 shares during the period. Uber Technologies comprises approximately 1.5% of Miller Financial Services LLC's holdings, making the stock its 19th largest holding. Miller Financial Services LLC's holdings in Uber Technologies were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies during the 1st quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter worth $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBER has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. KeyCorp raised their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Sanford C. Bernstein increased their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday. Finally, Roth Capital set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a report on Monday, July 14th. Twelve investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $98.53.

Uber Technologies Trading Up 0.6%

NYSE:UBER traded up $0.57 during trading hours on Monday, hitting $91.16. 12,128,198 shares of the company were exchanged, compared to its average volume of 21,148,979. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $89.22 and a 200 day simple moving average of $78.82. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72. The stock has a market capitalization of $190.64 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction 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 sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,496,071 over the last 90 days. Company insiders own 3.70% of the company's stock.

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.