Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Sims Investment Management LLC

Sims Investment Management LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,862 shares of the ride-sharing company's stock after buying an additional 4,404 shares during the quarter. Uber Technologies makes up about 1.3% of Sims Investment Management LLC's holdings, making the stock its 12th largest position. Sims Investment Management LLC's holdings in Uber Technologies were worth $2,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new stake in Uber Technologies during the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% in the first 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 stake in shares of Uber Technologies during the first quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 1.7%

Shares of UBER traded down $1.58 during midday trading on Friday, reaching $91.54. 24,681,770 shares of the company were exchanged, compared to its average volume of 21,097,012. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $94.38. The stock has a 50-day moving average price of $85.16 and a 200-day moving average price of $75.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $191.43 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.18 and a beta of 1.38.

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

Analyst Ratings Changes

UBER has been the topic of a number of recent research reports. KeyCorp upped their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Stifel Nicolaus began coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price objective for the company. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $94.85.

About Uber Technologies

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.