Lazari Capital Management Inc. Has $15.10 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Lazari Capital Management Inc. trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 15.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,185 shares of the ride-sharing company’s stock after selling 45,506 shares during the quarter. Uber Technologies makes up approximately 8.6% of Lazari Capital Management Inc.’s holdings, making the stock its 3rd biggest position. Lazari Capital Management Inc.’s holdings in Uber Technologies were worth $15,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Fiera Capital Corp boosted its position in shares of Uber Technologies by 0.6% during the 3rd quarter. Fiera Capital Corp now owns 87,376 shares of the ride-sharing company’s stock valued at $4,018,000 after acquiring an additional 498 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Uber Technologies by 15.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 63,059 shares of the ride-sharing company’s stock valued at $2,900,000 after acquiring an additional 8,202 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Uber Technologies by 7.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,713,286 shares of the ride-sharing company’s stock valued at $79,229,000 after acquiring an additional 114,617 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Uber Technologies by 13.4% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 188,521 shares of the ride-sharing company’s stock valued at $8,670,000 after acquiring an additional 22,304 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its position in shares of Uber Technologies by 9.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 12,329 shares of the ride-sharing company’s stock valued at $567,000 after acquiring an additional 1,024 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 1.1 %

NYSE UBER traded down $0.80 during trading hours on Friday, hitting $70.06. 11,601,130 shares of the company were exchanged, compared to its average volume of 16,141,174. The company has a 50 day moving average of $68.47 and a two-hundred day moving average of $68.99. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The firm has a market cap of $146.39 billion, a price-to-earnings ratio of 113.00, a PEG ratio of 1.54 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter in the previous year, the company posted ($0.08) EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock valued at $42,258,297 in the last three months. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America lowered their price target on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Piper Sandler raised their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.47.

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.