Overbrook Management Corp Sells 7,204 Shares of Uber Technologies, Inc. (NYSE:UBER)

Overbrook Management Corp cut its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,387 shares of the ride-sharing company's stock after selling 7,204 shares during the quarter. Uber Technologies comprises approximately 1.6% of Overbrook Management Corp's holdings, making the stock its 24th biggest position. Overbrook Management Corp's holdings in Uber Technologies were worth $6,950,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Barclays raised their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Raymond James Financial downgraded Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Loop Capital reaffirmed a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Canaccord Genuity Group reaffirmed a "hold" rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday. Finally, Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.85.

Uber Technologies Price Performance

UBER traded down $1.58 during trading on Friday, hitting $91.54. 24,681,770 shares of the stock traded hands, compared to its average volume of 21,097,012. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $94.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day moving average price of $85.16 and a 200 day moving average price of $75.20. The company has a market cap of $191.43 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.18 and a beta of 1.38.

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, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% 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.