Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 11.7% in the fourth quarter, HoldingsChannel reports. The fund owned 5,798 shares of the ride-sharing company’s stock after selling 765 shares during the quarter. Personal CFO Solutions LLC’s holdings in Uber Technologies were worth $357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares during the period. Capital World Investors grew its holdings in shares of Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors boosted its holdings in Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after acquiring an additional 8,164,816 shares during the period. Norges Bank purchased a new position in Uber Technologies in the 4th quarter worth approximately $1,415,778,000. Finally, Brown Advisory Inc. boosted its holdings in Uber Technologies by 14.7% in the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock worth $1,107,745,000 after acquiring an additional 2,307,763 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 1.0 %

NYSE:UBER opened at $68.60 on Tuesday. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The stock has a market cap of $143.34 billion, a price-to-earnings ratio of 110.65, a PEG ratio of 1.52 and a beta of 1.37. The business has a fifty day moving average of $68.92 and a 200-day moving average of $68.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the previous year, the company posted ($0.08) EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders sold 607,984 shares of company stock valued at $40,279,537 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on UBER shares. Roth Mkm restated a “buy” rating and issued a $89.00 price target (down previously from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. TD Cowen decreased their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Piper Sandler upped their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, DA Davidson reiterated a “buy” rating and set a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

Get Our Latest Report on UBER

About Uber Technologies

(Free Report)

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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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