Stamos Capital Partners L.P. Has $482,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Stamos Capital Partners L.P. reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,260 shares of the ride-sharing company’s stock after selling 1,880 shares during the quarter. Stamos Capital Partners L.P.’s holdings in Uber Technologies were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after buying an additional 43,275,830 shares in the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies during the fourth quarter worth $1,415,778,000. Edgewood Management LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $783,401,000. GQG Partners LLC increased its position in Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the period. Finally, Capital Research Global Investors raised its stake in Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after purchasing an additional 8,164,816 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UBER shares. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Tuesday, May 28th. Roth Mkm reaffirmed a “buy” rating and set a $89.00 price objective (down previously from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Loop Capital decreased their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Morgan Stanley boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group reduced their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.97.

Uber Technologies Trading Down 2.0 %

NYSE:UBER traded down $1.34 during trading hours on Friday, hitting $64.40. 17,361,994 shares of the company were exchanged, compared to its average volume of 18,878,900. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $134.57 billion, a price-to-earnings ratio of 104.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. The company has a fifty day simple moving average of $68.60 and a 200 day simple moving average of $70.89.

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

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 stock was 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 of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 $13,541,962.94. The disclosure for this sale can be found here. Insiders sold 1,135,984 shares of company stock valued at $78,213,297 over the last quarter. Insiders own 3.84% of the company’s stock.

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.