Natixis Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Natixis lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 48.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,055 shares of the ride-sharing company’s stock after selling 71,039 shares during the quarter. Natixis’ holdings in Uber Technologies were worth $5,855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its stake in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies during the fourth quarter valued at $30,000. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth $31,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Tony West sold 89,234 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares in the company, valued at $8,518,750.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now 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 1,135,984 shares of company stock valued at $78,213,297 over the last three months. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 0.3 %

Shares of UBER opened at $65.53 on Friday. The firm has a market capitalization of $136.93 billion, a P/E ratio of 106.03, a P/E/G ratio of 1.44 and a beta of 1.36. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average price of $68.60 and a 200-day moving average price of $70.89.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the prior year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on UBER shares. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Tuesday, May 28th. TD Cowen lifted their price objective on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday. Melius assumed coverage on Uber Technologies in a report on Monday. They issued a “hold” rating and a $77.00 price objective for the company. Morgan Stanley lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.97.

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.