Rakuten Securities Inc. Sells 9,131 Shares of Uber Technologies, Inc. (NYSE:UBER)

Rakuten Securities Inc. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 77.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,713 shares of the ride-sharing company's stock after selling 9,131 shares during the quarter. Rakuten Securities Inc.'s holdings in Uber Technologies were worth $198,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the first quarter valued at $27,000. Kozak & Associates Inc. increased its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the last quarter. Perkins Coie Trust Co boosted its position in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on 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 completion of the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,384 shares of company stock valued at $3,441,071. Company insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UBER shares. Barclays lifted their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Loop Capital restated a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. Eleven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

Uber Technologies Trading Down 0.5%

NYSE:UBER traded down $0.41 during trading hours on Tuesday, hitting $84.71. The stock had a trading volume of 13,664,010 shares, compared to its average volume of 20,736,228. The business's 50 day moving average is $82.60 and its 200-day moving average is $74.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $177.14 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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.