Shares of Uber Technologies, Inc. (NYSE:UBER) sold by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 0.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,670 shares of the ride-sharing company’s stock after selling 450 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Uber Technologies were worth $3,755,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Financial Management Professionals Inc. boosted its holdings in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the transit company’s stock worth $29,000 after buying an additional 202 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Uber Technologies in the 1st quarter worth $32,000. GW&K Investment Management LLC purchased a new stake in Uber Technologies in the fourth quarter valued at $33,000. Founders Capital Management bought a new stake in Uber Technologies in the second quarter valued at $33,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $36,000. 80.24% of the shares are currently held by institutional investors.

Uber Technologies Pricing Performance

Shares of UBER stock opened at $73.13 on Friday. Uber Technologies, Inc. it has a one year low of $40.09 and a one year high of $82.14. The firm has a 50 day moving average of $69.50 and a two hundred day moving average of $71.47. The company has a current ratio of 1.21, a quick ratio of 1.21, and a debt-to-equity ratio of 0.72. The firm has a market cap of $153.64 billion, a PE ratio of 117.95, a P/E/G ratio of 1.32 and a beta of 1.36.

Uber Technologies (NYSE:UBER – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’ quarterly revenue was up 15.9% on a year-over-year basis. In the same period last year, the firm earned $0.18 per share. On average, analysts estimate that Uber Technologies, Inc. will post 1.05 earnings per share for the current year.

Changes in Analyst Ratings

A number of research firms recently weighed in on UBER. UBS Group cut their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. TD Cowen boosted their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. JMP Securities upped their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Citigroup boosted their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Wedbush restated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.50.

Read the latest stock analysis on Uber Technologies

Insiders place their bets

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, insider Tony West sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Insiders sold a total of 617,234 shares of company stock valued at $44,017,734 over the last quarter. 3.84% of shares are currently owned by corporate insiders.

Uber Technologies profile

(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 wide range of transportation modes, such as ridesharing, carsharing, micromobility, rentals, public transportation, taxis, and other modes; and offers travelers in a variety of vehicle types, as well as financial partnership products and advertising services.

Featured stories

Get news and reviews 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.