Stonehage Fleming Financial Services Holdings Ltd Has $1.80 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Stonehage Fleming Financial Services Holdings Ltd lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,786 shares of the ride-sharing company’s stock after selling 9,262 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Uber Technologies were worth $1,797,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UBER. The Manufacturers Life Insurance Company increased its stake in Uber Technologies by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,294,878 shares of the ride-sharing company’s stock valued at $94,098,000 after purchasing an additional 39,791 shares in the last quarter. SkyView Investment Advisors LLC increased its position in Uber Technologies by 6.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 29,405 shares of the ride-sharing company’s stock valued at $2,137,000 after buying an additional 1,810 shares in the last quarter. Ascent Group LLC raised its stake in Uber Technologies by 8.1% during the 2nd quarter. Ascent Group LLC now owns 20,654 shares of the ride-sharing company’s stock worth $1,501,000 after buying an additional 1,546 shares during the period. Creative Planning raised its stake in Uber Technologies by 3.3% during the 2nd quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock worth $10,587,000 after buying an additional 4,600 shares during the period. Finally, Nemes Rush Group LLC grew its stake in Uber Technologies by 7.5% in the second quarter. Nemes Rush Group LLC now owns 20,441 shares of the ride-sharing company’s stock valued at $1,486,000 after acquiring an additional 1,434 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 0.4 %

Uber Technologies stock opened at $68.59 on Monday. The business has a 50-day simple moving average of $65.86 and a two-hundred day simple moving average of $70.26. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $144.42 billion, a P/E ratio of 34.12, a P/E/G ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 1.86 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on UBER. Bank of America upped their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. DA Davidson boosted their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. KeyCorp reduced their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

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.