Snowden Capital Advisors LLC Sells 5,260 Shares of Uber Technologies, Inc. (NYSE:UBER)

Snowden Capital Advisors LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,468 shares of the ride-sharing company's stock after selling 5,260 shares during the quarter. Snowden Capital Advisors LLC's holdings in Uber Technologies were worth $1,174,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Avion Wealth raised its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the fourth quarter worth $28,000. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the period. Finally, Legacy Investment Solutions LLC lifted its holdings in shares of Uber Technologies by 3,038.9% during the fourth quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 547 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Barclays upped their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, KGI Securities reaffirmed a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned 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 $93.09.

Uber Technologies Stock Down 0.7%

Shares of UBER stock traded down $0.62 during trading on Tuesday, hitting $91.84. 20,827,552 shares of the company were exchanged, compared to its average volume of 20,399,872. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $192.05 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 0.89 and a beta of 1.43. The business's 50-day simple moving average is $76.76 and its 200 day simple moving average is $72.07. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on 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 in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 in the last ninety days. 3.84% of the stock is owned by insiders.

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.