Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,109 shares of the ride-sharing company's stock after selling 30,651 shares during the quarter. Generate Investment Management Ltd's holdings in Uber Technologies were worth $12,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $395,000. Wealthspire Advisors LLC lifted its holdings in shares of Uber Technologies by 3.6% in the 4th quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company's stock valued at $1,570,000 after buying an additional 905 shares during the period. Finally, MONECO Advisors LLC lifted its holdings in shares of Uber Technologies by 10.6% in the 4th quarter. MONECO Advisors LLC now owns 5,357 shares of the ride-sharing company's stock valued at $323,000 after buying an additional 513 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. UBS Group raised their price target on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wells Fargo & Company raised their price target on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Finally, Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $94.85.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The shares were 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 now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 1.7%

NYSE:UBER traded down $1.58 during mid-day trading on Friday, reaching $91.54. The company's stock had a trading volume of 24,681,770 shares, compared to its average volume of 21,097,012. The company's fifty day simple moving average is $85.16 and its two-hundred day simple moving average is $75.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $94.38. The stock has a market cap of $191.43 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.18 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company earned ($0.32) EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts predict 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.