Park Avenue Securities LLC Sells 3,864 Shares of Uber Technologies, Inc. (NYSE:UBER)

Park Avenue Securities LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,489 shares of the ride-sharing company's stock after selling 3,864 shares during the quarter. Park Avenue Securities LLC's holdings in Uber Technologies were worth $7,686,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC bought a new position in Uber Technologies during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter worth $28,000. Finally, Perkins Coie Trust Co raised its position in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock worth $6,517,070 in the last 90 days. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $85.60 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a 50 day moving average price of $80.38 and a two-hundred day moving average price of $73.51. The firm has a market capitalization of $179.00 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its 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. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The company's revenue was up 13.8% compared to the same quarter last year. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UBER. KGI Securities reaffirmed a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group boosted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $93.91.

Uber Technologies 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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