Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Lifted by Versant Capital Management Inc

Versant Capital Management Inc raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 251.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,398 shares of the ride-sharing company's stock after acquiring an additional 3,146 shares during the quarter. Versant Capital Management Inc's holdings in Uber Technologies were worth $320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avion Wealth grew its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies in the fourth quarter valued at $28,000. Finally, GHP Investment Advisors Inc. increased its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 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 $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the company. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Truist Financial upped their price target 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. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.91.

Uber Technologies Stock Down 0.6%

Shares of NYSE UBER traded down $0.53 during midday trading on Monday, reaching $83.63. 17,031,580 shares of the company's stock were exchanged, compared to its average volume of 20,576,180. 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 52-week low of $54.84 and a 52-week high of $93.60. The business's fifty day moving average price is $79.34 and its two-hundred day moving average price is $73.03. The stock has a market capitalization of $174.89 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

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 for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm earned ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.