Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,551 shares of the ride-sharing company's stock after selling 4,639 shares during the period. Vontobel Holding Ltd.'s holdings in Uber Technologies were worth $18,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the period. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after acquiring an additional 1,061,088 shares during the period. Capital World Investors raised its position in Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after acquiring an additional 2,792,039 shares in the last quarter. Finally, Norges Bank purchased a new position in Uber Technologies during the fourth quarter valued at approximately $1,467,754,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UBER shares. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. DA Davidson upped their price target on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Loop Capital reiterated a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Twelve analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.85.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

UBER stock traded down $0.12 during midday trading on Wednesday, hitting $92.01. 13,599,454 shares of the stock were exchanged, compared to its average volume of 21,061,031. The stock has a market cap of $192.41 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.19 and a beta of 1.40. 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, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38. The stock's 50-day moving average price is $85.92 and its 200-day moving average price is $75.75.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) earnings per share. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.