Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 34.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,237 shares of the ride-sharing company's stock after selling 18,154 shares during the period. Flagship Harbor Advisors LLC's holdings in Uber Technologies were worth $2,567,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UBER. Transce3nd LLC acquired a new position in Uber Technologies in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

UBER stock opened at $85.24 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $178.25 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The stock's 50 day simple moving average is $83.77 and its 200 day simple moving average is $74.60.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KGI Securities reaffirmed a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Royal Bank Of Canada restated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. TD Cowen reduced their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Loop Capital reissued a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

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.

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