Diversified Trust Co Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Diversified Trust Co lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 59.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,318 shares of the ride-sharing company's stock after selling 9,349 shares during the quarter. Diversified Trust Co's holdings in Uber Technologies were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Park Place Capital Corp grew its stake in Uber Technologies by 15.9% during the 1st quarter. Park Place Capital Corp now owns 2,890 shares of the ride-sharing company's stock valued at $211,000 after acquiring an additional 396 shares in the last quarter. Beacon Financial Advisory LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $214,000. Alta Wealth Advisors LLC boosted its stake in Uber Technologies by 5.5% in the first quarter. Alta Wealth Advisors LLC now owns 10,924 shares of the ride-sharing company's stock valued at $796,000 after acquiring an additional 566 shares in the last quarter. Total Wealth Planning & Management Inc. raised its stake in Uber Technologies by 115.5% during the 1st quarter. Total Wealth Planning & Management Inc. now owns 14,492 shares of the ride-sharing company's stock valued at $1,056,000 after acquiring an additional 7,768 shares during the last quarter. Finally, PDS Planning Inc raised its position in Uber Technologies by 36.1% during the 1st quarter. PDS Planning Inc now owns 7,452 shares of the ride-sharing company's stock worth $543,000 after buying an additional 1,978 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus initiated coverage on Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target on the stock. Wells Fargo & Company raised 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Bank of America lifted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $94.85.

Insider Activity at Uber Technologies

In other Uber Technologies news, 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 transaction of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer directly owned 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of UBER traded up $1.41 during mid-day trading on Friday, reaching $93.46. The company had a trading volume of 8,112,562 shares, compared to its average volume of 21,089,075. 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 1-year low of $54.84 and a 1-year high of $94.38. The company has a market capitalization of $195.43 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.17 and a beta of 1.40. The company's 50 day simple moving average is $86.59 and its 200 day simple moving average is $76.09.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. Analysts expect 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.