First Trust Advisors LP Trims Stock Position in Uber Technologies, Inc. (NYSE:UBER)

First Trust Advisors LP cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,310 shares of the ride-sharing company's stock after selling 30,757 shares during the period. First Trust Advisors LP's holdings in Uber Technologies were worth $23,363,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UBER. Invst LLC increased its stake in Uber Technologies by 5.0% in the 3rd quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after buying an additional 197 shares in the last quarter. Advisory Resource Group grew its position in shares of Uber Technologies by 1.6% during the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock worth $1,052,000 after purchasing an additional 222 shares in the last quarter. Virtu Financial LLC bought a new stake in Uber Technologies during the 3rd quarter valued at approximately $1,328,000. SkyView Investment Advisors LLC lifted its holdings in Uber Technologies by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after purchasing an additional 875 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its stake in Uber Technologies by 8.9% in the 3rd quarter. Anchor Investment Management LLC now owns 33,718 shares of the ride-sharing company's stock worth $2,534,000 after purchasing an additional 2,755 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER stock traded down $0.36 during trading hours on Friday, hitting $77.74. 20,038,405 shares of the company's stock were exchanged, compared to its average volume of 20,336,884. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a market cap of $162.62 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $73.60 and a two-hundred day moving average of $71.50.

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, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research analyst reports. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, April 9th. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Arete Research raised Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 16th. Ten 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. 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.