Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Boston Private Wealth LLC

Boston Private Wealth LLC lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 24.9% in the 1st quarter, Holdings Channel reports. The fund owned 17,081 shares of the ride-sharing company’s stock after selling 5,669 shares during the period. Boston Private Wealth LLC’s holdings in Uber Technologies were worth $931,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in shares of Uber Technologies by 1,553.6% in the 1st quarter. First Horizon Advisors Inc. now owns 463 shares of the ride-sharing company’s stock worth $25,000 after acquiring an additional 435 shares during the period. Ballentine Partners LLC lifted its stake in shares of Uber Technologies by 2.6% in the 1st quarter. Ballentine Partners LLC now owns 12,244 shares of the ride-sharing company’s stock worth $667,000 after acquiring an additional 313 shares during the period. Synovus Financial Corp lifted its stake in shares of Uber Technologies by 80.0% in the 1st quarter. Synovus Financial Corp now owns 18,043 shares of the ride-sharing company’s stock worth $976,000 after acquiring an additional 8,018 shares during the period. Waratah Capital Advisors Ltd. acquired a new stake in shares of Uber Technologies in the 1st quarter worth $8,068,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Uber Technologies by 10.4% in the 1st quarter. Rockefeller Capital Management L.P. now owns 124,082 shares of the ride-sharing company’s stock worth $6,763,000 after acquiring an additional 11,723 shares during the period. Institutional investors own 73.80% of the company’s stock.

In related news, insider Tony West sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $57.31, for a total value of $372,515.00. Following the completion of the sale, the insider now directly owns 189,108 shares in the company, valued at $10,837,779.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.06% of the stock is currently owned by insiders.

Several analysts recently commented on the stock. Susquehanna Bancshares raised their price objective on shares of Uber Technologies from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 11th. Argus raised their price objective on shares of Uber Technologies from $63.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, February 17th. Citigroup raised their price objective on shares of Uber Technologies from $60.00 to $76.00 in a research note on Friday, March 5th. JMP Securities raised their price objective on shares of Uber Technologies from $58.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, February 16th. Finally, Royal Bank of Canada assumed coverage on shares of Uber Technologies in a research note on Thursday, May 27th. They issued an “outperform” rating and a $65.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $65.84.

Uber Technologies stock opened at $49.55 on Friday. Uber Technologies, Inc. has a 1 year low of $28.39 and a 1 year high of $64.05. The firm has a 50 day moving average of $52.81. The stock has a market capitalization of $92.75 billion, a P/E ratio of -22.12 and a beta of 1.55. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.57.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services and other forms of transportation services, including public transit, as well as connect riders and other consumers with restaurants, grocers, other stores, and delivery service providers for meal preparation, grocery, and other delivery services.

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

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