ST Germain D J Co. Inc. Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

ST Germain D J Co. Inc. decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,147 shares of the ride-sharing company’s stock after selling 10,678 shares during the period. Uber Technologies makes up about 1.1% of ST Germain D J Co. Inc.’s portfolio, making the stock its 25th biggest holding. ST Germain D J Co. Inc.’s holdings in Uber Technologies were worth $22,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in 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 worth $2,900,000 after purchasing an additional 8,202 shares during the period. WCG Wealth Advisors LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at about $640,000. Prudential PLC grew its position in shares of Uber Technologies by 3.6% during the 3rd quarter. Prudential PLC now owns 65,786 shares of the ride-sharing company’s stock valued at $3,025,000 after acquiring an additional 2,301 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at about $9,202,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at about $7,264,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.16 on Tuesday, reaching $70.33. The company’s stock had a trading volume of 9,502,880 shares, compared to its average volume of 19,738,629. The stock’s 50-day moving average is $68.38 and its two-hundred day moving average is $69.17. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $146.96 billion, a P/E ratio of 112.97, 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 (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current year.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Wednesday, May 15th. Finally, Roth Mkm reissued a “buy” rating and issued a $89.00 target price (down from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.47.

Insider Buying and Selling

In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated 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 sale, the insider now 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 through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock valued at $42,258,297 in the last quarter. Company insiders own 3.80% of the company’s stock.

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.