First Foundation Advisors Sells 13,815 Shares of Uber Technologies, Inc. (NYSE:UBER)

First Foundation Advisors reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,085 shares of the ride-sharing company's stock after selling 13,815 shares during the quarter. First Foundation Advisors' holdings in Uber Technologies were worth $16,955,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Uber Technologies in the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC lifted its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares in the last quarter. Boston Partners purchased a new position in Uber Technologies during the fourth quarter worth about $381,057,000. Assenagon Asset Management S.A. boosted its stake in shares of Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. bought a new position in Uber Technologies in the 4th quarter valued at $166,072,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore ISI decreased their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Arete Research raised Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $89.97.

Uber Technologies Trading Up 0.7 %

UBER stock traded up $0.48 during trading on Monday, reaching $72.76. The company had a trading volume of 5,548,921 shares, compared to its average volume of 20,322,455. The business has a 50 day moving average of $73.94 and a 200 day moving average of $71.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $152.20 billion, a P/E ratio of 15.96, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.