Trifecta Capital Advisors LLC Has $5.88 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Trifecta Capital Advisors LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,330 shares of the ride-sharing company’s stock after selling 13,850 shares during the period. Uber Technologies comprises approximately 1.4% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Trifecta Capital Advisors LLC’s holdings in Uber Technologies were worth $5,877,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UBER. Financial Management Professionals Inc. grew its holdings in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. CVA Family Office LLC bought a new position in Uber Technologies during the fourth quarter worth about $30,000. Highlander Capital Management LLC raised its stake in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares in the last quarter. Bfsg LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $31,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price target on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Tigress Financial boosted their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Wells Fargo & Company upped their price objective on shares of Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen decreased their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Argus upped their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.41.

Uber Technologies Trading Up 3.3 %

UBER traded up $2.34 during trading on Friday, hitting $72.68. The company’s stock had a trading volume of 21,375,880 shares, compared to its average volume of 14,821,461. 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 twelve month low of $40.09 and a twelve month high of $82.14. The stock’s fifty day moving average price is $67.90 and its 200-day moving average price is $69.73. The firm has a market capitalization of $151.87 billion, a P/E ratio of 117.16, a PEG ratio of 1.54 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same quarter in the prior year, the company posted ($0.08) EPS. Uber Technologies’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 635,984 shares of company stock valued at $42,258,297. 3.84% of the stock is owned by company insiders.

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 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.