Siemens Fonds Invest GmbH Sells 53,061 Shares of Uber Technologies, Inc. (NYSE:UBER)

Siemens Fonds Invest GmbH lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 96.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,134 shares of the ride-sharing company’s stock after selling 53,061 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Uber Technologies were worth $129,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UBER. Grassi Investment Management grew its stake in Uber Technologies by 0.5% in the 4th quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company’s stock valued at $5,907,000 after purchasing an additional 500 shares during the period. Empirical Asset Management LLC bought a new position in Uber Technologies in the 4th quarter valued at $704,000. Procyon Advisors LLC grew its stake in Uber Technologies by 13.5% in the 4th quarter. Procyon Advisors LLC now owns 7,177 shares of the ride-sharing company’s stock valued at $433,000 after purchasing an additional 851 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Uber Technologies by 32.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 21,522 shares of the ride-sharing company’s stock valued at $1,298,000 after purchasing an additional 5,275 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in Uber Technologies by 6.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 3,923 shares of the ride-sharing company’s stock valued at $237,000 after purchasing an additional 241 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UBER shares. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday. The Goldman Sachs Group upped their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Raymond James upped their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 8th. Barclays upped their price target on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,788 shares of company stock worth $9,028,690 in the last ninety days. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $91.80 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $191.96 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The business’s 50-day moving average price is $76.33 and its 200-day moving average price is $71.94. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $92.90.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company earned ($0.32) EPS. Uber Technologies’s revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.