Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,608 shares of the ride-sharing company’s stock after selling 1,310 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Uber Technologies were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its position in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the period. CVA Family Office LLC purchased a new position in Uber Technologies during the fourth quarter worth about $30,000. Highlander Capital Management LLC raised its holdings in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the period. Bfsg LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.10 on Tuesday. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $148.56 billion, a price-to-earnings ratio of 114.68, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. The business has a 50 day simple moving average of $67.94 and a 200-day simple moving average of $69.89.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share 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 the consensus estimate of $10.09 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly 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 is available through this link. In related news, insider Tony West sold 28,000 shares of the company’s 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 completion of the transaction, the insider now directly 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 is available through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s 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 transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock worth $42,258,297 in the last three months. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UBER shares. Roth Mkm reaffirmed a “buy” rating and issued a $89.00 price objective (down from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. TD Cowen reduced their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Jefferies Financial Group reduced their price objective on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Bank of America reduced their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.41.

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.