Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 678,500 shares of the ride-sharing company's stock after selling 53,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Uber Technologies were worth $49,436,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in Uber Technologies in the 1st quarter worth approximately $27,000. Kozak & Associates Inc. boosted its position in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. Perkins Coie Trust Co increased its stake in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $1.81 during trading hours on Friday, reaching $83.81. The stock had a trading volume of 17,974,278 shares, compared to its average volume of 20,798,681. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The firm has a 50-day moving average of $82.19 and a 200-day moving average of $73.99. The firm 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.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the company earned ($0.32) earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% 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 worth $3,441,071 in the last three months. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on UBER. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Finally, TD Cowen cut their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $94.39.

About Uber Technologies

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.