Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments LLC reduced its stake in Uber Technologies by 5.6%, selling 93,280 shares, leaving them with around 1.56 million shares valued at approximately $113.67 million.
• Insider transactions included Jill Hazelbaker selling 34,884 shares for about $3 million, and CFO Prashanth Mahendra-Rajah selling 2,750 shares for $261,250.
• Analyst ratings are mixed, with most recommending a "hold" while target prices vary, ranging from $84.00 to $117.00, indicating diverse outlooks on Uber's financial performance.

Zevenbergen Capital Investments LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,560,135 shares of the ride-sharing company's stock after selling 93,280 shares during the period. Uber Technologies makes up approximately 2.8% of Zevenbergen Capital Investments LLC's holdings, making the stock its 12th largest holding. Zevenbergen Capital Investments LLC owned about 0.07% of Uber Technologies worth $113,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Kozak & Associates Inc. raised its position in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC raised its position in shares of Uber Technologies by 305.1% in 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 in the last quarter. Finally, Perkins Coie Trust Co raised its position in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction 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 transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. DA Davidson upped their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. UBS Group upped their target price on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday. Wedbush cut their target price on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Trading Down 3.3%

NYSE:UBER opened at $89.64 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The stock has a market cap of $187.45 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.03 and a beta of 1.43. The business has a fifty day moving average of $89.44 and a 200-day moving average of $81.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.

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