Laird Norton Wetherby Wealth Management LLC Sells 3,558 Shares of Uber Technologies, Inc. (NYSE:UBER)

Laird Norton Wetherby Wealth Management LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,775 shares of the ride-sharing company’s stock after selling 3,558 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Uber Technologies were worth $1,434,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Junto Capital Management LP bought a new stake in Uber Technologies in the fourth quarter valued at $38,838,000. Game Creek Capital LP lifted its position in Uber Technologies by 14.6% during the fourth quarter. Game Creek Capital LP now owns 77,500 shares of the ride-sharing company’s stock valued at $4,675,000 after buying an additional 9,875 shares during the period. Ethic Inc. lifted its position in Uber Technologies by 32.1% during the fourth quarter. Ethic Inc. now owns 195,554 shares of the ride-sharing company’s stock valued at $11,796,000 after buying an additional 47,512 shares during the period. Fiduciary Trust Co lifted its position in Uber Technologies by 15.5% during the fourth quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company’s stock valued at $329,000 after buying an additional 732 shares during the period. Finally, Citizens Business Bank lifted its position in Uber Technologies by 94.2% during the fourth quarter. Citizens Business Bank now owns 147,762 shares of the ride-sharing company’s stock valued at $8,913,000 after buying an additional 71,674 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 4.1%

Uber Technologies stock opened at $91.69 on Wednesday. The business has a 50-day simple moving average of $75.29 and a two-hundred day simple moving average of $71.69. The company has a market cap of $191.74 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $92.17. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

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

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of the business’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 transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,904 shares of company stock worth $6,027,619 in the last three months. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on UBER. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. The Goldman Sachs Group raised their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

Uber Technologies Profile

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.