Investment Management Associates Inc. ADV reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 420,262 shares of the ride-sharing company's stock after selling 14,047 shares during the period. Uber Technologies makes up about 12.5% of Investment Management Associates Inc. ADV's holdings, making the stock its largest position. Investment Management Associates Inc. ADV's holdings in Uber Technologies were worth $30,620,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Cerity Partners LLC raised its stake in shares of Uber Technologies by 42.2% during the 1st quarter. Cerity Partners LLC now owns 814,107 shares of the ride-sharing company's stock worth $59,316,000 after buying an additional 241,740 shares during the last quarter. Correct Capital Wealth Management acquired a new position in shares of Uber Technologies during the 1st quarter worth $676,000. Allworth Financial LP raised its stake in shares of Uber Technologies by 6.5% during the 1st quarter. Allworth Financial LP now owns 21,713 shares of the ride-sharing company's stock worth $1,696,000 after buying an additional 1,332 shares during the last quarter. Rock Point Advisors LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth $3,978,000. Finally, MainStreet Investment Advisors LLC raised its stake in shares of Uber Technologies by 5.1% during the 1st quarter. MainStreet Investment Advisors LLC now owns 20,574 shares of the ride-sharing company's stock worth $1,499,000 after buying an additional 992 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Uber Technologies
In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on 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 owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,496,071 in the last ninety days. 3.84% of the stock is owned by corporate insiders.
Uber Technologies Trading Down 1.1%
UBER traded down $1.04 on Friday, reaching $95.36. 12,442,436 shares of the company's stock were exchanged, compared to its average volume of 21,206,819. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The company's 50 day moving average is $88.47 and its 200-day moving average is $77.53. The company has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.22 and a beta of 1.40.
Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the company earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on UBER. DA Davidson lifted their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Raymond James Financial lowered shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Barclays upped their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Loop Capital restated a "buy" rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $96.12.
Read Our Latest Report on Uber Technologies
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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