Investment Research & Advisory Group Inc. Sells 1,261 Shares of Uber Technologies, Inc. (NYSE:UBER)

Investment Research & Advisory Group Inc. reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,681 shares of the ride-sharing company’s stock after selling 1,261 shares during the quarter. Uber Technologies makes up about 2.0% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 16th largest position. Investment Research & Advisory Group Inc.’s holdings in Uber Technologies were worth $4,287,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UBER. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after acquiring an additional 43,275,830 shares during the period. Capital World Investors lifted its position in shares of Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after acquiring an additional 283,802 shares during the period. Capital Research Global Investors lifted its position in shares of Uber Technologies by 28.4% during the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after acquiring an additional 8,164,816 shares during the period. Norges Bank acquired a new position in shares of Uber Technologies during the 4th quarter valued at $1,415,778,000. Finally, Brown Advisory Inc. lifted its position in shares of Uber Technologies by 14.7% during the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $1,107,745,000 after acquiring an additional 2,307,763 shares during the period. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UBER shares. DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Wednesday, May 15th. Jefferies Financial Group lowered their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Moffett Nathanson restated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Finally, Bank of America lowered their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Stock Performance

NYSE:UBER traded up $2.34 on Friday, reaching $72.68. 21,375,880 shares of the company’s stock were exchanged, compared to its average volume of 14,821,461. 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 firm has a market cap of $151.87 billion, a price-to-earnings ratio of 117.23, a P/E/G ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The stock has a fifty day simple moving average of $67.90 and a 200-day simple moving average of $69.78.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

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

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.