University of Texas Texas AM Investment Management Co. Sells 39,848 Shares of Uber Technologies, Inc. (NYSE:UBER)

University of Texas Texas AM Investment Management Co. trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 80.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,464 shares of the ride-sharing company's stock after selling 39,848 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Uber Technologies were worth $571,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Navalign LLC boosted its stake in Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after purchasing an additional 126 shares during the period. Welch & Forbes LLC boosted its stake in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after purchasing an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after purchasing an additional 150 shares during the period. Drive Wealth Management LLC boosted its stake in Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after purchasing an additional 155 shares during the period. Finally, Institute for Wealth Management LLC. raised its holdings in Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock valued at $398,000 after acquiring an additional 155 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Raymond James boosted their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Wells Fargo & Company boosted their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on 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 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 trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Up 1.4%

UBER stock traded up $1.25 during trading on Tuesday, reaching $89.00. 17,434,956 shares of the stock were exchanged, compared to its average volume of 20,428,867. The firm's 50 day moving average is $78.47 and its 200 day moving average is $72.61. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month 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 firm has a market cap of $186.11 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

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