Solstein Capital LLC Sells 1,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

Solstein Capital LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,359 shares of the ride-sharing company’s stock after selling 1,000 shares during the period. Solstein Capital LLC’s holdings in Uber Technologies were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares during the period. Clark Capital Management Group Inc. raised its position in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock valued at $24,280,000 after buying an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its position in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. TigerOak Management L.L.C. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $1,278,000. Finally, Americana Partners LLC increased its position in shares of Uber Technologies by 1,408.2% during the 4th quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company’s stock valued at $4,714,000 after purchasing an additional 72,975 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock worth $3,441,071. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 2.1%

Uber Technologies stock opened at $83.81 on Monday. The company has a market capitalization of $175.26 billion, a P/E ratio of 18.38, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The stock has a 50-day simple moving average of $82.19 and a 200-day simple moving average of $74.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on UBER. DA Davidson raised their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. KeyCorp lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Finally, Raymond James lifted their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.39.

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.