Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Trimmed by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,095,588 shares of the ride-sharing company's stock after selling 10,547 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Uber Technologies worth $79,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clark Capital Management Group Inc. increased its holdings in Uber Technologies by 11,354.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after buying an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its holdings in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after buying an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,875,000. Finally, APG Asset Management N.V. bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $84,687,000. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies 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 transaction of $3,001,070.52. Following the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, May 5th. The stock was 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 in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $85.24 on Tuesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The stock has a fifty day moving average of $83.77 and a 200-day moving average of $74.60. The company has a market capitalization of $178.25 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The company's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a report on Sunday, June 15th. TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Uber Technologies 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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