Mirae Asset Global Investments Co. Ltd. Sells 273,054 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 43.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 353,310 shares of the ride-sharing company's stock after selling 273,054 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Uber Technologies were worth $25,718,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Uber Technologies in the 4th quarter worth $395,000. Whipplewood Advisors LLC bought a new stake in Uber Technologies in the 4th quarter worth $54,000. Finally, Kovack Advisors Inc. grew its holdings in Uber Technologies by 23.0% in the 4th quarter. Kovack Advisors Inc. now owns 9,803 shares of the ride-sharing company's stock worth $591,000 after acquiring an additional 1,830 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

UBER stock opened at $91.54 on Friday. The stock has a market capitalization of $191.43 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. 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 stock's 50 day simple moving average is $85.16 and its 200 day simple moving average is $75.30.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UBER shares. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. TD Cowen cut their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. 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. Twelve analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $94.85.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

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.

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