Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Doliver Advisors LP

Doliver Advisors LP reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,959 shares of the ride-sharing company’s stock after selling 704 shares during the period. Doliver Advisors LP’s holdings in Uber Technologies were worth $921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ignite Planners LLC acquired a new position in Uber Technologies during the first quarter valued at $259,000. Harbor Investment Advisory LLC lifted its position in Uber Technologies by 5.6% during the first quarter. Harbor Investment Advisory LLC now owns 11,770 shares of the ride-sharing company’s stock valued at $906,000 after purchasing an additional 622 shares during the period. Global Assets Advisory LLC purchased a new position in Uber Technologies in the first quarter valued at $3,235,000. Range Financial Group LLC purchased a new position in Uber Technologies in the first quarter valued at $736,000. Finally, Traynor Capital Management Inc. increased its holdings in Uber Technologies by 23.4% in the first quarter. Traynor Capital Management Inc. now owns 72,997 shares of the ride-sharing company’s stock valued at $5,620,000 after buying an additional 13,857 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 28,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 28,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock valued at $42,258,297 in the last ninety days. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Citigroup boosted their target price on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Moffett Nathanson reissued a “buy” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Thursday, April 11th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Wednesday, May 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.47.

Uber Technologies Stock Up 0.5 %

Uber Technologies stock traded up $0.33 during mid-day trading on Monday, reaching $70.54. 12,379,206 shares of the company’s stock were exchanged, compared to its average volume of 19,612,314. The company has a market cap of $147.39 billion, a P/E ratio of 113.77, a P/E/G ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average of $67.93 and a 200-day moving average of $69.58.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the prior year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 0.84 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.