Greenleaf Trust Buys 679 Shares of Uber Technologies, Inc. (NYSE:UBER)

Greenleaf Trust increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,113 shares of the ride-sharing company’s stock after purchasing an additional 679 shares during the quarter. Greenleaf Trust’s holdings in Uber Technologies were worth $315,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Institute for Wealth Management LLC. bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $439,000. Knights of Columbus Asset Advisors LLC grew its stake in shares of Uber Technologies by 32.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 72,811 shares of the ride-sharing company’s stock valued at $4,483,000 after purchasing an additional 17,904 shares during the last quarter. Western Wealth Management LLC grew its stake in shares of Uber Technologies by 41.6% during the fourth quarter. Western Wealth Management LLC now owns 19,387 shares of the ride-sharing company’s stock valued at $1,194,000 after purchasing an additional 5,697 shares during the last quarter. Trust Investment Advisors acquired a new position in Uber Technologies in the fourth quarter valued at approximately $220,000. Finally, Xponance Inc. lifted its holdings in Uber Technologies by 61.7% in the fourth quarter. Xponance Inc. now owns 453,179 shares of the ride-sharing company’s stock valued at $27,902,000 after buying an additional 172,921 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, March 28th. Piper Sandler increased their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Bank of America increased their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, BTIG Research increased their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Stock Up 2.6 %

Uber Technologies stock opened at $70.80 on Wednesday. The company has a market cap of $147.36 billion, a P/E ratio of 82.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a fifty day simple moving average of $76.92 and a 200 day simple moving average of $64.12. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

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 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.