Legacy Trust Reduces Holdings in Uber Technologies, Inc. (NYSE:UBER)

Legacy Trust reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its holdings in Uber Technologies by 3.3% during the 2nd quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock valued at $10,587,000 after buying an additional 4,600 shares during the last quarter. Truist Financial Corp raised its stake in shares of Uber Technologies by 4.4% during the second quarter. Truist Financial Corp now owns 490,554 shares of the ride-sharing company’s stock valued at $35,653,000 after acquiring an additional 20,815 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Uber Technologies during the second quarter worth about $13,836,000. Lazari Capital Management Inc. boosted its holdings in shares of Uber Technologies by 0.5% during the second quarter. Lazari Capital Management Inc. now owns 200,515 shares of the ride-sharing company’s stock worth $14,573,000 after purchasing an additional 915 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Uber Technologies by 2.8% in the second quarter. Newbridge Financial Services Group Inc. now owns 21,582 shares of the ride-sharing company’s stock worth $1,569,000 after purchasing an additional 578 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.0 %

NYSE:UBER opened at $66.72 on Thursday. The company has a market cap of $140.50 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $65.83 and a two-hundred day simple moving average of $70.19. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS 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 company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. UBS Group boosted their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $91.08.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

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.