Braun Stacey Associates Inc. Sells 6,730 Shares of Uber Technologies, Inc. (NYSE:UBER)

Braun Stacey Associates Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 39.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,477 shares of the ride-sharing company's stock after selling 6,730 shares during the period. Braun Stacey Associates Inc.'s holdings in Uber Technologies were worth $763,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UBER. Capital Research Global Investors increased its holdings in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $1,467,754,000. Boston Partners acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $381,057,000. Toyota Motor Corp acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $298,644,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UBER shares. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Bank of America increased their price objective on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.85.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER traded up $1.41 during mid-day trading on Friday, hitting $93.46. The company's stock had a trading volume of 8,112,562 shares, compared to its average volume of 21,147,267. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $94.38. 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 firm has a market capitalization of $195.43 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. The stock's 50-day moving average is $86.90 and its two-hundred day moving average is $76.42.

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

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.