Uber Technologies, Inc. $UBER Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC reduced its stake in Uber Technologies by 2.9%, holding 274,071 shares valued at approximately $19.97 million after selling 8,289 shares in Q1.
• Several large investors such as Pacer Advisors Inc. and Vanguard Group Inc. dramatically increased their investments in Uber, with Pacer Advisors' holdings surging by over 2,500% during the same quarter.
• Uber reported a positive earnings result with $0.63 EPS for the last quarter, surpassing estimates and reflecting an 18.2% year-over-year revenue increase to $12.65 billion.

Evergreen Capital Management LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 274,071 shares of the ride-sharing company's stock after selling 8,289 shares during the quarter. Uber Technologies makes up approximately 0.7% of Evergreen Capital Management LLC's investment portfolio, making the stock its 26th largest position. Evergreen Capital Management LLC's holdings in Uber Technologies were worth $19,969,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UBER. Pacer Advisors Inc. lifted its holdings in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after acquiring an additional 6,254,898 shares during the period. Vanguard Group Inc. raised its stake in Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Toyota Motor Corp acquired a new position in Uber Technologies in the 4th quarter valued at $309,192,000. Boston Partners raised its stake in Uber Technologies by 43.8% in the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after purchasing an additional 2,749,456 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new position in Uber Technologies in the 1st quarter valued at $167,532,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock worth $4,632,774 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on UBER. Roth Capital increased their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Needham & Company LLC increased their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KeyCorp increased their price objective on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, Stifel Nicolaus upped their target price on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Stock Up 0.6%

Shares of NYSE:UBER opened at $95.95 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The firm's 50-day moving average is $92.01 and its two-hundred day moving average is $83.46. The firm has a market capitalization of $200.09 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Analysts predict 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.

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