Simplicity Wealth LLC Has $1.05 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Simplicity Wealth LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 50.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,380 shares of the ride-sharing company's stock after selling 14,800 shares during the quarter. Simplicity Wealth LLC's holdings in Uber Technologies were worth $1,048,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UBER. Vanguard Group Inc. boosted its stake in Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after purchasing an additional 2,364,525 shares in the last quarter. Capital Research Global Investors lifted its position in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after acquiring an additional 1,061,088 shares during the last quarter. Capital World Investors grew its holdings in Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after acquiring an additional 2,792,039 shares during the last quarter. Finally, Norges Bank acquired a new stake in Uber Technologies in the 4th quarter valued at about $1,467,754,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Arete Research raised Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Raymond James raised their price target on Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a report on Thursday, May 8th. TD Cowen dropped their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup lifted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $94.39.

Uber Technologies Stock Down 1.1%

NYSE UBER traded down $0.93 on Thursday, reaching $85.65. The company had a trading volume of 18,754,056 shares, compared to its average volume of 20,757,930. The company's fifty day moving average is $81.40 and its 200-day moving average is $73.80. The firm has a market capitalization of $179.11 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) earnings per share. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 now owns 102,135 shares of the company's stock, 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. In the last quarter, insiders have sold 60,384 shares of company stock worth $4,872,471. Corporate insiders own 3.84% of the company's stock.

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.