Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,700 shares of the ride-sharing company’s stock after selling 550 shares during the quarter. Carret Asset Management LLC’s holdings in Uber Technologies were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after buying an additional 43,275,830 shares in the last quarter. Capital World Investors boosted its holdings in Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors boosted its holdings in Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after purchasing an additional 8,164,816 shares during the period. Norges Bank acquired a new position in Uber Technologies in the fourth quarter worth $1,415,778,000. Finally, Brown Advisory Inc. boosted its holdings in Uber Technologies by 14.7% in the fourth quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock worth $1,107,745,000 after purchasing an additional 2,307,763 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on UBER. Piper Sandler lifted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Oppenheimer reissued an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, June 5th. UBS Group reduced their price target on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Tigress Financial boosted their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Jefferies Financial Group reduced their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Uber Technologies news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly 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 have sold a total of 635,984 shares of company stock valued at $42,258,297 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

NYSE UBER opened at $71.27 on Thursday. The stock’s 50-day moving average price is $67.98 and its two-hundred day moving average price is $69.96. 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 cap of $148.92 billion, a PE ratio of 114.95, a PEG ratio of 1.54 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period last year, the firm earned ($0.08) EPS. The company’s revenue was up 14.8% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Uber Technologies Company 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.