Glenview Trust co Sells 5,759 Shares of Uber Technologies, Inc. (NYSE:UBER)

Glenview Trust co decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 34.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,074 shares of the ride-sharing company’s stock after selling 5,759 shares during the quarter. Glenview Trust co’s holdings in Uber Technologies were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbour Investments Inc. increased its holdings in shares of Uber Technologies by 25.4% in the fourth quarter. Harbour Investments Inc. now owns 13,575 shares of the ride-sharing company’s stock worth $819,000 after purchasing an additional 2,748 shares during the period. Clearstead Trust LLC bought a new position in shares of Uber Technologies in the fourth quarter worth $1,554,000. Wellington Shields & Co. LLC increased its holdings in shares of Uber Technologies by 88.1% in the fourth quarter. Wellington Shields & Co. LLC now owns 854 shares of the ride-sharing company’s stock worth $52,000 after purchasing an additional 400 shares during the period. Sienna Gestion increased its holdings in shares of Uber Technologies by 138.6% in the fourth quarter. Sienna Gestion now owns 161,831 shares of the ride-sharing company’s stock worth $9,760,000 after purchasing an additional 94,007 shares during the period. Finally, Postrock Partners LLC bought a new position in shares of Uber Technologies in the fourth quarter worth $1,969,000. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several research analyst reports. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Performance

Uber Technologies stock opened at $72.71 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $71.98 and a 200-day moving average of $71.56. The firm has a market cap of $151.89 billion, a P/E ratio of 15.95, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts expect 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.