Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% in the first quarter, HoldingsChannel reports. The fund owned 678,500 shares of the ride-sharing company’s stock after selling 53,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Uber Technologies were worth $49,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. Kozak & Associates Inc. increased its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares in the last quarter. Perkins Coie Trust Co increased its position in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,441,071 in the last quarter. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

Shares of UBER opened at $83.81 on Friday. The firm has a market capitalization of $175.26 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The stock’s fifty day moving average is $82.19 and its 200-day moving average is $73.99.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company earned ($0.32) earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UBER shares. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a research note on Sunday. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Loop Capital reiterated a “buy” rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a “buy” rating in a research note on Friday, May 23rd. Eleven analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.39.

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.