Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,973 shares of the ride-sharing company’s stock after selling 9,323 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Uber Technologies were worth $17,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Navalign LLC lifted its position in Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock valued at $1,536,000 after purchasing an additional 126 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company’s stock worth $1,030,000 after buying an additional 133 shares during the period. Amplius Wealth Advisors LLC grew its holdings in shares of Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company’s stock valued at $302,000 after acquiring an additional 145 shares in the last quarter. United Advisor Group LLC lifted its stake in Uber Technologies by 3.6% in the fourth quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company’s stock valued at $263,000 after acquiring an additional 153 shares during the last quarter. Finally, American Financial Advisors LLC lifted its holdings in Uber Technologies by 3.0% in the 1st quarter. American Financial Advisors LLC now owns 5,401 shares of the ride-sharing company’s stock worth $394,000 after purchasing an additional 155 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Sanford C. Bernstein boosted their price target on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Loop Capital reaffirmed a “buy” rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Needham & Company LLC increased their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, DA Davidson lifted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.71.

Uber Technologies Price Performance

NYSE UBER opened at $89.39 on Thursday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a market cap of $186.93 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $89.17 and its 200 day moving average price is $80.74.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.