Ring Mountain Capital LLC Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Ring Mountain Capital LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 73.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,663 shares of the ride-sharing company's stock after selling 39,931 shares during the quarter. Uber Technologies makes up 0.8% of Ring Mountain Capital LLC's investment portfolio, making the stock its 27th largest position. Ring Mountain Capital LLC's holdings in Uber Technologies were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UBER. Clark Capital Management Group Inc. lifted its position in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after acquiring an additional 399,008 shares in the last quarter. UMB Bank n.a. raised its stake in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after buying an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. purchased a new stake in Uber Technologies during the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. purchased a new stake in Uber Technologies during the 4th quarter valued at $84,687,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. Roth Capital set a $110.00 price target on Uber Technologies and gave the stock a "buy" rating in a research note on Monday. Bank of America increased their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Raymond James Financial lowered shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Thirteen investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.63.

Uber Technologies Trading Down 0.2%

Shares of Uber Technologies stock opened at $90.32 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company's 50-day simple moving average is $89.06 and its 200-day simple moving average is $78.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72. The firm has a market cap of $188.87 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business posted ($0.32) EPS. Uber Technologies's revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm'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 transaction, the insider directly owned 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,384 shares of company stock valued at $3,496,071. 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.

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