Uber Technologies, Inc. (NYSE:UBER) Stock Position Decreased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 22,427 shares of the ride-sharing company's stock after selling 2,692 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Uber Technologies were worth $1,634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Capital Research Global Investors raised its position in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $1,467,754,000. Boston Partners acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $381,057,000. Toyota Motor Corp acquired a new position in Uber Technologies during the fourth quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies during the fourth quarter worth approximately $298,644,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, 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. Insiders have sold 40,384 shares of company stock valued at $3,496,071 over the last 90 days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.25 during trading on Thursday, reaching $96.39. The company had a trading volume of 15,638,216 shares, compared to its average volume of 21,237,459. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The stock has a market capitalization of $201.57 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. The stock has a 50-day moving average price of $87.94 and a two-hundred day moving average price of $77.06. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during 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 business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) earnings per share. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. DA Davidson lifted their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. KeyCorp lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $95.97.

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.