Good Life Advisors LLC Sells 2,798 Shares of Uber Technologies, Inc. (NYSE:UBER)

Good Life Advisors LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 15.6% during the first quarter, Holdings Channel reports. The fund owned 15,112 shares of the ride-sharing company’s stock after selling 2,798 shares during the period. Good Life Advisors LLC’s holdings in Uber Technologies were worth $1,101,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of UBER. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Van ECK Associates Corp lifted its holdings in Uber Technologies by 228.0% in the fourth quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company’s stock valued at $899,000 after acquiring an additional 10,364 shares during the period. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies in the fourth quarter valued at about $395,000. Finally, Principal Securities Inc. lifted its holdings in Uber Technologies by 39.0% in the fourth quarter. Principal Securities Inc. now owns 40,604 shares of the ride-sharing company’s stock valued at $2,449,000 after acquiring an additional 11,400 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,384 shares of company stock worth $3,441,071. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $85.10 on Tuesday. 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 company has a market capitalization of $177.95 billion, a P/E ratio of 18.66, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The business’s 50-day moving average is $82.60 and its 200 day moving average is $74.09.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for 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 firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.32) earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Raymond James boosted their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a report on Thursday, May 8th. Citigroup boosted their price target on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Bank of America boosted their price target on Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 8th. TD Cowen cut their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Wedbush lowered Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.39.

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.