International Assets Investment Management LLC Sells 2,866 Shares of Uber Technologies, Inc. (NYSE:UBER)

International Assets Investment Management LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 24.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,873 shares of the ride-sharing company’s stock after selling 2,866 shares during the period. International Assets Investment Management LLC’s holdings in Uber Technologies were worth $678,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UBER. Highlander Capital Management LLC grew its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after buying an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $1,112,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Uber Technologies by 54.3% in the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock worth $4,242,000 after acquiring an additional 24,247 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Tony West sold 18,750 shares of Uber Technologies 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 sale, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock worth $42,258,297 over the last three months. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.1 %

Shares of Uber Technologies stock opened at $70.21 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a market capitalization of $146.71 billion, a P/E ratio of 113.24, a P/E/G ratio of 1.54 and a beta of 1.37. The company has a 50 day moving average of $67.99 and a 200 day moving average of $69.51.

Uber Technologies (NYSE:UBER) last issued its earnings results 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). The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on UBER shares. Truist Financial raised their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Wednesday, May 15th. Finally, Piper Sandler upped their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.47.

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.