Siemens Fonds Invest GmbH Sells 53,061 Shares of Uber Technologies, Inc. (NYSE:UBER)

Siemens Fonds Invest GmbH cut its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 96.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,134 shares of the ride-sharing company's stock after selling 53,061 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Uber Technologies were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Sherbrooke Park Advisers LLC raised its holdings in Uber Technologies by 23.5% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,383 shares of the ride-sharing company's stock worth $1,230,000 after purchasing an additional 3,878 shares in the last quarter. Sig Brokerage LP bought a new stake in shares of Uber Technologies during the 4th quarter valued at about $292,000. Silvercrest Asset Management Group LLC increased its position in shares of Uber Technologies by 52.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 76,618 shares of the ride-sharing company's stock valued at $4,622,000 after buying an additional 26,197 shares during the period. Sora Investors LLC bought a new position in Uber Technologies in the fourth quarter worth about $13,990,000. Finally, Sphera Funds Management LTD. purchased a new stake in Uber Technologies in the fourth quarter worth about $1,810,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

UBER traded down $3.32 during mid-day trading on Wednesday, reaching $88.56. 24,991,400 shares of the company traded hands, compared to its average volume of 20,433,751. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The stock has a market capitalization of $185.18 billion, a P/E ratio of 19.42, a P/E/G ratio of 0.89 and a beta of 1.43. The company's fifty day moving average price is $77.21 and its 200-day moving average price is $72.21.

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 (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24% 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, insider Tony West sold 23,404 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was 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 directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Wells Fargo & Company upped their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Loop Capital increased their price target on shares of Uber Technologies from $89.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.69.

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.