Inlight Wealth Management LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,261 shares of the ride-sharing company's stock after selling 7,381 shares during the period. Uber Technologies makes up 1.6% of Inlight Wealth Management LLC's portfolio, making the stock its 13th biggest holding. Inlight Wealth Management LLC's holdings in Uber Technologies were worth $5,192,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Clark Capital Management Group Inc. boosted its position in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after buying an additional 3,073 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the period. Mufg Securities Americas Inc. acquired a new position in shares of Uber Technologies in the fourth quarter worth about $1,875,000. Finally, APG Asset Management N.V. acquired a new position in shares of Uber Technologies in the fourth quarter worth about $84,687,000. Institutional investors own 80.24% of the company's stock.
Uber Technologies Stock Up 0.3%
Shares of NYSE:UBER opened at $83.73 on Friday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company's fifty day moving average is $83.53 and its 200-day moving average is $74.41. The company has a market capitalization of $175.09 billion, a PE ratio of 14.66, a P/E/G ratio of 1.07 and a beta of 1.38.
Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.
Analyst Ratings Changes
UBER has been the subject of a number of research analyst reports. DA Davidson increased their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. TD Cowen dropped their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $94.39.
View Our Latest Report on UBER
Insider Buying and Selling
In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.
About Uber Technologies
(
Free Report)
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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