Boston Private Wealth LLC Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Boston Private Wealth LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,081 shares of the ride-sharing company’s stock after selling 5,669 shares during the quarter. Boston Private Wealth LLC’s holdings in Uber Technologies were worth $931,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in Uber Technologies by 1,553.6% in the first quarter. First Horizon Advisors Inc. now owns 463 shares of the ride-sharing company’s stock worth $25,000 after purchasing an additional 435 shares during the last quarter. Ballentine Partners LLC grew its holdings in Uber Technologies by 2.6% in the first quarter. Ballentine Partners LLC now owns 12,244 shares of the ride-sharing company’s stock worth $667,000 after purchasing an additional 313 shares during the last quarter. Synovus Financial Corp grew its holdings in Uber Technologies by 80.0% in the first quarter. Synovus Financial Corp now owns 18,043 shares of the ride-sharing company’s stock worth $976,000 after purchasing an additional 8,018 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Uber Technologies in the first quarter worth $8,068,000. Finally, Rockefeller Capital Management L.P. grew its holdings in Uber Technologies by 10.4% in the first quarter. Rockefeller Capital Management L.P. now owns 124,082 shares of the ride-sharing company’s stock worth $6,763,000 after purchasing an additional 11,723 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on UBER shares. Oppenheimer lifted their price target on shares of Uber Technologies from $62.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, February 11th. Truist lifted their price objective on shares of Uber Technologies from $60.00 to $66.00 in a research note on Thursday, February 11th. Canaccord Genuity lifted their price objective on shares of Uber Technologies from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Wolfe Research started coverage on shares of Uber Technologies in a research note on Thursday, April 1st. They set an “outperform” rating and a $73.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Uber Technologies from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 6th. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $65.84.

Shares of Uber Technologies stock opened at $49.55 on Friday. The stock has a 50-day moving average price of $52.81. The firm has a market capitalization of $92.75 billion, a P/E ratio of -22.12 and a beta of 1.55. Uber Technologies, Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $64.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.14 and a current ratio of 1.14.

In other Uber Technologies news, insider Tony West sold 6,500 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $57.31, for a total value of $372,515.00. Following the completion of the transaction, the insider now owns 189,108 shares in the company, valued at $10,837,779.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.06% of the company’s stock.

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 the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services and other forms of transportation services, including public transit, as well as connect riders and other consumers with restaurants, grocers, other stores, and delivery service providers for meal preparation, grocery, and other delivery services.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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