Douglas Lane & Associates LLC Decreases Stake in Uber Technologies, Inc. (NYSE:UBER)

Douglas Lane & Associates LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,188 shares of the ride-sharing company’s stock after selling 21,342 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Uber Technologies were worth $21,653,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Avion Wealth lifted its holdings in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies during the fourth quarter worth approximately $28,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.4%

UBER opened at $84.00 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The stock has a market capitalization of $175.66 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.89 and a beta of 1.43. The business has a 50 day simple moving average of $79.34 and a 200-day simple moving average of $73.02.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) earnings per share. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. Citigroup lifted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. KeyCorp raised their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Raymond James boosted their target price on Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a report on Thursday, May 8th. Loop Capital restated a “buy” rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Barclays boosted their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $93.91.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now owns 102,135 shares of the company’s stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock valued at $6,517,070 in the last ninety days. 3.84% of the stock is currently owned by company insiders.

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.