Rhumbline Advisers Sells 7,648 Shares of Uber Technologies, Inc. (NYSE:UBER)

Rhumbline Advisers lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,766,929 shares of the ride-sharing company's stock after selling 7,648 shares during the quarter. Rhumbline Advisers owned about 0.18% of Uber Technologies worth $274,458,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UBER. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% in the fourth 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 acquiring an additional 52,125,476 shares during the period. Norges Bank bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $1,467,754,000. Jennison Associates LLC boosted its position in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Boston Partners bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $381,057,000. Finally, Toyota Motor Corp bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $309,192,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 0.6%

UBER stock traded down $0.53 during midday trading on Monday, reaching $83.63. The stock had a trading volume of 17,031,580 shares, compared to its average volume of 20,576,205. The business has a fifty day simple moving average of $79.34 and a two-hundred day simple moving average of $73.03. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $174.89 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

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

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. 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 firm's 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 owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock worth $6,517,070 over the last three months. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on UBER. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. KGI Securities reaffirmed a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. DA Davidson raised their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America raised their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

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.