Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Cut by Consolidated Investment Group LLC

Consolidated Investment Group LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,025 shares of the ride-sharing company's stock after selling 28,275 shares during the quarter. Consolidated Investment Group LLC's holdings in Uber Technologies were worth $2,916,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Navalign LLC increased its stake in shares of Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust increased its stake in shares of Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares during the period. Amplius Wealth Advisors LLC increased its stake in shares of Uber Technologies by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the period. Welch & Forbes LLC increased its stake in shares of Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after purchasing an additional 148 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in shares of Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after purchasing an additional 150 shares during the period. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. TD Cowen dropped their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. KeyCorp lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their target price on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $94.39.

Uber Technologies Stock Performance

NYSE:UBER opened at $83.73 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The firm has a 50 day moving average of $83.53 and a 200-day moving average of $74.41. 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 stock has a market capitalization of $175.09 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the company posted ($0.32) earnings per share. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 now owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

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.

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