Laird Norton Wetherby Wealth Management LLC Sells 3,558 Shares of Uber Technologies, Inc. (NYSE:UBER)

Laird Norton Wetherby Wealth Management LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,775 shares of the ride-sharing company's stock after selling 3,558 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Uber Technologies were worth $1,434,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UBER. Welch & Forbes LLC lifted its stake in shares of Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after acquiring an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC grew its stake in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after acquiring an additional 150 shares during the last quarter. Drive Wealth Management LLC increased its holdings in Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after acquiring an additional 155 shares in the last quarter. Institute for Wealth Management LLC. raised its position in Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after acquiring an additional 155 shares during the last quarter. Finally, Fairfield Financial Advisors LTD lifted its holdings in shares of Uber Technologies by 34.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 170 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,788 shares of company stock worth $9,028,690 in the last quarter. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.64 during mid-day trading on Friday, hitting $91.80. 21,819,504 shares of the company were exchanged, compared to its average volume of 20,363,746. The company has a market capitalization of $191.96 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The business has a fifty day moving average of $75.91 and a 200 day moving average of $71.91. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $92.89. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The business's revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Bank of America lifted their price objective on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.69.

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.