Douglas Lane & Associates LLC Has $19.21 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Douglas Lane & Associates LLC lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 20.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 318,530 shares of the ride-sharing company’s stock after selling 83,627 shares during the period. Douglas Lane & Associates LLC’s holdings in Uber Technologies were worth $19,214,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its stake in Uber Technologies by 86.5% in the fourth quarter. Fulton Bank N.A. now owns 22,337 shares of the ride-sharing company’s stock worth $1,347,000 after purchasing an additional 10,357 shares in the last quarter. Diversified Trust Co raised its position in shares of Uber Technologies by 3.7% during the fourth quarter. Diversified Trust Co now owns 15,667 shares of the ride-sharing company’s stock worth $945,000 after acquiring an additional 557 shares during the last quarter. Bangor Savings Bank acquired a new position in Uber Technologies during the 4th quarter valued at about $572,000. APEIRON CAPITAL Ltd bought a new position in Uber Technologies in the fourth quarter valued at approximately $6,714,000. Finally, Fortem Financial Group LLC grew its stake in shares of Uber Technologies by 21.3% during the fourth quarter. Fortem Financial Group LLC now owns 6,105 shares of the ride-sharing company’s stock worth $368,000 after purchasing an additional 1,071 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

UBER traded down $1.19 on Wednesday, reaching $64.96. The company had a trading volume of 17,661,408 shares, compared to its average volume of 27,946,338. The stock has a market cap of $136.79 billion, a P/E ratio of 32.32, a P/E/G ratio of 0.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company’s fifty day moving average is $67.49 and its 200 day moving average is $70.63.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is owned by insiders.

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. Loop Capital raised their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, October 31st. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

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.