Uber Technologies, Inc. $UBER Shares Sold by BI Asset Management Fondsmaeglerselskab A S

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BI Asset Management Fondsmaeglerselskab A S trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 466,662 shares of the ride-sharing company's stock after selling 172,344 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Uber Technologies were worth $34,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Brighton Jones LLC boosted its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $395,000. Jump Financial LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $618,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Uber Technologies by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,958,483 shares of the ride-sharing company's stock worth $178,460,000 after acquiring an additional 87,036 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.4%

NYSE UBER opened at $93.89 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm's fifty day moving average price is $90.33 and its 200 day moving average price is $82.27. The company has a market capitalization of $195.80 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Cowen restated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Needham & Company LLC increased their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Loop Capital reiterated a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group increased their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $102.82.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on 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 trade represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by company 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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