International Assets Investment Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 17.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,684 shares of the ride-sharing company’s stock after selling 1,658 shares during the quarter. International Assets Investment Management LLC’s holdings in Uber Technologies were worth $244,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. American Century Companies Inc. increased its stake in Uber Technologies by 28.7% in the 1st quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after buying an additional 5,142 shares during the period. MetLife Investment Management LLC acquired a new position in Uber Technologies in the 1st quarter valued at $3,359,000. Panagora Asset Management Inc. increased its stake in Uber Technologies by 29.3% in the 1st quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock valued at $808,000 after buying an additional 5,134 shares during the period. Yousif Capital Management LLC increased its stake in Uber Technologies by 11.7% in the 1st quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock valued at $938,000 after buying an additional 2,756 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Uber Technologies by 17.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock valued at $40,838,000 after buying an additional 168,475 shares during the period. Hedge funds and other institutional investors own 73.90% of the company’s stock.
Insider Buying and Selling at Uber Technologies
In other Uber Technologies news, CEO Dara Khosrowshahi sold 69,975 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total value of $3,148,875.00. Following the sale, the chief executive officer now directly owns 1,416,243 shares in the company, valued at $63,730,935. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Uber Technologies news, insider Tony West sold 16,664 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $42.00, for a total value of $699,888.00. Following the sale, the insider now directly owns 164,693 shares in the company, valued at $6,917,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 69,975 shares of Uber Technologies stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $3,148,875.00. Following the sale, the chief executive officer now owns 1,416,243 shares in the company, valued at $63,730,935. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,143 shares of company stock worth $6,047,399. 3.84% of the stock is owned by insiders.
Uber Technologies Stock Down 0.1 %
Uber Technologies (NYSE:UBER – Free Report) last announced its quarterly earnings data on Tuesday, May 2nd. The ride-sharing company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Uber Technologies had a negative return on equity of 43.94% and a negative net margin of 9.95%. The firm had revenue of $8.82 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period last year, the business posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 0.05 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have issued reports on UBER shares. Barclays boosted their price objective on shares of Uber Technologies from $45.00 to $57.00 in a research note on Friday, June 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Uber Technologies in a research note on Friday, March 10th. Morgan Stanley upped their price target on shares of Uber Technologies from $54.00 to $57.00 in a research note on Wednesday, May 3rd. Wedbush assumed coverage on shares of Uber Technologies in a research note on Tuesday, June 6th. They set an “outperform” rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Uber Technologies in a research note on Wednesday, June 7th. They set an “overweight” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.44.
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.
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