Legacy Trust Sells 9,470 Shares of Uber Technologies, Inc. (NYSE:UBER)

Legacy Trust lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 20.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,792 shares of the ride-sharing company’s stock after selling 9,470 shares during the period. Legacy Trust’s holdings in Uber Technologies were worth $2,219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. Assenagon Asset Management S.A. raised its stake in Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the period. Montrusco Bolton Investments Inc. bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $166,072,000. Edgewood Management LLC lifted its holdings in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after buying an additional 2,627,768 shares in the last quarter. AMF Tjanstepension AB bought a new position in shares of Uber Technologies during the third quarter worth $163,468,000. Finally, Nordea Investment Management AB increased its holdings in Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock valued at $134,144,000 after acquiring an additional 2,064,382 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Down 2.0 %

Uber Technologies stock opened at $66.72 on Thursday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The business has a fifty day moving average of $65.83 and a two-hundred day moving average of $70.19. The firm has a market cap of $140.50 billion, a P/E ratio of 33.20, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping 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 firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UBER shares. Evercore ISI raised their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.08.

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.