Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 76,330 shares of the ride-sharing company’s stock after selling 13,850 shares during the quarter. Uber Technologies accounts for about 1.4% of Trifecta Capital Advisors LLC’s holdings, making the stock its 19th biggest position. Trifecta Capital Advisors LLC’s holdings in Uber Technologies were worth $5,877,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UBER. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. Asio Capital LLC boosted its position in shares of Uber Technologies by 0.4% in the first quarter. Asio Capital LLC now owns 100,183 shares of the ride-sharing company’s stock valued at $7,713,000 after acquiring an additional 358 shares during the period. Harbour Capital Advisors LLC grew its position in Uber Technologies by 43.0% during the first quarter. Harbour Capital Advisors LLC now owns 14,190 shares of the ride-sharing company’s stock worth $1,092,000 after buying an additional 4,270 shares in the last quarter. DeDora Capital Inc. increased its holdings in Uber Technologies by 241.6% in the 1st quarter. DeDora Capital Inc. now owns 12,063 shares of the ride-sharing company’s stock valued at $929,000 after buying an additional 8,532 shares during the period. Finally, Sendero Wealth Management LLC acquired a new position in shares of Uber Technologies in the 1st quarter worth approximately $2,761,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock valued at $42,258,297 over the last three months. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 3.3 %

Shares of Uber Technologies stock traded up $2.34 on Friday, reaching $72.68. 21,375,880 shares of the company’s stock were exchanged, compared to its average volume of 14,821,461. The firm’s 50-day moving average is $67.90 and its two-hundred day moving average is $69.73. The company has a market capitalization of $151.87 billion, a P/E ratio of 117.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on UBER. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. UBS Group lowered their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Loop Capital cut their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Wells Fargo & Company raised their price target on shares of Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Tigress Financial increased their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $84.41.

Uber Technologies 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.