First Foundation Advisors Has $16.96 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

First Foundation Advisors decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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.

A number of other hedge funds also recently made changes to their positions in UBER. Orion Portfolio Solutions LLC grew its holdings in Uber Technologies by 11.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 39,635 shares of the ride-sharing company’s stock worth $2,979,000 after acquiring an additional 3,981 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Uber Technologies by 4.8% in the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock valued at $13,161,000 after purchasing an additional 7,968 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Uber Technologies by 50.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 24,397 shares of the ride-sharing company’s stock valued at $1,805,000 after purchasing an additional 8,168 shares during the last quarter. Wilson & Boucher Capital Management LLC bought a new position in shares of Uber Technologies in the 3rd quarter valued at about $237,000. Finally, Chiron Investment Management LLC boosted its stake in shares of Uber Technologies by 21.4% in the 3rd quarter. Chiron Investment Management LLC now owns 101,420 shares of the ride-sharing company’s stock valued at $7,623,000 after purchasing an additional 17,881 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.4 %

Uber Technologies stock opened at $72.42 on Thursday. The stock has a market capitalization of $151.49 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The business has a 50 day simple moving average of $73.82 and a 200-day simple moving average of $71.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) 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 return on equity of 62.60% and a net margin of 22.41%. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on UBER shares. DA Davidson dropped their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on shares of Uber Technologies from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, April 3rd. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.03.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 in the last ninety days. Corporate insiders own 3.84% of the company’s stock.

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.