Grassi Investment Management Has $7.22 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Grassi Investment Management lowered its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 17.5% during the first quarter, Holdings Channel reports. The firm owned 93,800 shares of the ride-sharing company’s stock after selling 19,900 shares during the period. Grassi Investment Management’s holdings in Uber Technologies were worth $7,222,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Highlander Capital Management LLC raised its stake in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after acquiring an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA raised its position in shares of Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after acquiring an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $1,112,000. Finally, Fifth Third Bancorp boosted its position in shares of Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after purchasing an additional 24,247 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 635,984 shares of company stock valued at $42,258,297. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. Tigress Financial boosted their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Moffett Nathanson reiterated a “buy” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, Wells Fargo & Company reduced their target price on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $84.47.

Read Our Latest Stock Analysis on Uber Technologies

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.23 during mid-day trading on Friday, reaching $70.07. 6,023,875 shares of the company’s stock were exchanged, compared to its average volume of 19,547,180. The business’s fifty day simple moving average is $68.09 and its 200 day simple moving average is $69.28. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The firm has a market capitalization of $146.41 billion, a PE ratio of 113.06, a P/E/G ratio of 1.54 and a beta of 1.37.

Uber Technologies (NYSE:UBERGet Free Report) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion for 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 company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

About Uber Technologies

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.