Yousif Capital Management LLC Has $19.44 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Yousif Capital Management LLC lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,779 shares of the ride-sharing company's stock after selling 4,182 shares during the quarter. Yousif Capital Management LLC's holdings in Uber Technologies were worth $19,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UBER. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $28,000. Finally, Perkins Coie Trust Co lifted its position in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after buying an additional 306 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.5%

Shares of NYSE UBER traded down $0.41 during trading hours on Friday, hitting $85.21. The company had a trading volume of 4,169,441 shares, compared to its average volume of 20,693,632. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average is $81.81 and its 200-day moving average is $73.89. The stock has a market capitalization of $178.19 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

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. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.32) EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on UBER. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Truist Financial raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group boosted their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated 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 now owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is owned by insiders.

Uber Technologies Company 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.