Robeco Institutional Asset Management B.V. Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Robeco Institutional Asset Management B.V. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,354,842 shares of the ride-sharing company's stock after selling 350,723 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Uber Technologies worth $171,574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC acquired a new stake in shares of Uber Technologies in the 1st quarter worth $2,715,000. Pure Financial Advisors LLC raised its holdings in Uber Technologies by 25.4% during the first quarter. Pure Financial Advisors LLC now owns 6,669 shares of the ride-sharing company's stock worth $486,000 after purchasing an additional 1,352 shares in the last quarter. Aspetuck Financial Management LLC acquired a new stake in Uber Technologies in the first quarter valued at about $225,000. Security National Bank boosted its holdings in Uber Technologies by 3,000.0% in the 1st quarter. Security National Bank now owns 3,100 shares of the ride-sharing company's stock valued at $226,000 after purchasing an additional 3,000 shares in the last quarter. Finally, TigerOak Management L.L.C. increased its position in Uber Technologies by 2.0% during the 1st quarter. TigerOak Management L.L.C. now owns 21,617 shares of the ride-sharing company's stock worth $1,575,000 after purchasing an additional 427 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the company'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 of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value 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 approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 2.4%

UBER traded up $2.19 during midday trading on Thursday, hitting $93.09. The company's stock had a trading volume of 23,563,190 shares, compared to its average volume of 20,993,421. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $94.24. The firm has a 50-day moving average price of $84.48 and a two-hundred day moving average price of $74.83. 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 $194.67 billion, a P/E ratio of 16.30, a PEG ratio of 1.17 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate 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 was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.32) earnings per share. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Bank of America lifted their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada restated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Sunday, June 15th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.18.

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.