Aubrey Capital Management Ltd Sells 3,700 Shares of Uber Technologies, Inc. (NYSE:UBER)

Aubrey Capital Management Ltd reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,200 shares of the ride-sharing company’s stock after selling 3,700 shares during the period. Uber Technologies accounts for approximately 1.4% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 20th biggest position. Aubrey Capital Management Ltd’s holdings in Uber Technologies were worth $3,513,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Legacy Trust raised its position in shares of Uber Technologies by 9.9% in the 1st quarter. Legacy Trust now owns 40,442 shares of the ride-sharing company’s stock worth $2,947,000 after acquiring an additional 3,650 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Uber Technologies in the 1st quarter worth about $38,770,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Uber Technologies in the 1st quarter worth about $41,105,000. Yarger Wealth Strategies LLC bought a new position in shares of Uber Technologies in the 1st quarter worth about $311,000. Finally, Sapient Capital LLC raised its position in shares of Uber Technologies by 3.4% in the 1st quarter. Sapient Capital LLC now owns 35,017 shares of the ride-sharing company’s stock worth $2,551,000 after acquiring an additional 1,137 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the subject of several research analyst reports. UBS Group lifted their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Raymond James raised their target price on Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 8th. Wedbush downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and raised their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Loop Capital restated a “buy” rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus initiated coverage on Uber Technologies in a research note on Wednesday. They issued a “buy” rating and a $110.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.39.

Uber Technologies Trading Down 1.1%

NYSE:UBER opened at $85.65 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $179.11 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The firm’s 50 day moving average is $81.81 and its 200 day moving average is $73.89. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60.

Uber Technologies (NYSE:UBER) last issued its 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. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,441,071 in the last 90 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.