AMG National Trust Bank Invests $452,000 in Uber Technologies, Inc. (NYSE:UBER)

AMG National Trust Bank purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,490 shares of the ride-sharing company’s stock, valued at approximately $452,000.

Several other large investors have also modified their holdings of the stock. Fiera Capital Corp lifted its holdings in Uber Technologies by 9.1% in the third quarter. Fiera Capital Corp now owns 97,912 shares of the ride-sharing company’s stock worth $7,359,000 after acquiring an additional 8,200 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in Uber Technologies by 42.2% in the third quarter. Leavell Investment Management Inc. now owns 20,748 shares of the ride-sharing company’s stock worth $1,559,000 after acquiring an additional 6,155 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Uber Technologies by 1.0% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 353,448 shares of the ride-sharing company’s stock worth $26,572,000 after acquiring an additional 3,570 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Uber Technologies in the third quarter worth about $586,000. Finally, Galvin Gaustad & Stein LLC lifted its holdings in Uber Technologies by 1,292.5% in the third quarter. Galvin Gaustad & Stein LLC now owns 221,108 shares of the ride-sharing company’s stock worth $16,618,000 after acquiring an additional 205,229 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UBER shares. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Evercore ISI cut their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Wolfe Research lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.71.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.9 %

NYSE UBER opened at $76.38 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $159.55 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.89 and a beta of 1.39. The firm’s 50 day moving average price is $70.92 and its two-hundred day moving average price is $71.63.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.