Talbot Financial LLC Has $7.59 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Talbot Financial LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,198 shares of the ride-sharing company's stock after selling 3,026 shares during the period. Talbot Financial LLC's holdings in Uber Technologies were worth $7,592,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $1,467,754,000. Jennison Associates LLC boosted its stake in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after buying an additional 7,137,512 shares during the period. Boston Partners acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $381,057,000. Finally, Toyota Motor Corp acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $309,192,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a 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 dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UBER shares. Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. The Goldman Sachs Group raised their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Barclays raised their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Stock Performance

UBER stock traded down $0.53 during midday trading on Monday, hitting $83.63. The stock had a trading volume of 17,031,580 shares, compared to its average volume of 20,576,225. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $79.34 and a 200 day simple moving average of $73.03. The firm has a market capitalization of $174.89 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 0.89 and a beta of 1.43.

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, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.