Sienna Gestion Has $10.79 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Sienna Gestion reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,301 shares of the ride-sharing company's stock after selling 9,530 shares during the period. Uber Technologies makes up about 0.9% of Sienna Gestion's portfolio, making the stock its 27th biggest holding. Sienna Gestion's holdings in Uber Technologies were worth $10,786,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. raised its holdings in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies in the 1st quarter valued at $27,000. Finally, Vision Financial Markets LLC acquired a new position in Uber Technologies in the 1st quarter valued at $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 0.8%

Shares of NYSE:UBER opened at $90.97 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a 50-day moving average price of $89.92 and a 200 day moving average price of $81.54. The company has a market cap of $189.71 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.05 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research analyst reports. Canaccord Genuity Group reissued 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, June 27th. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Citigroup boosted their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price objective on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Finally, Needham & Company LLC boosted their price objective on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Eleven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $102.82.

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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