Greenleaf Trust Cuts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Greenleaf Trust lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,107 shares of the ride-sharing company’s stock after selling 1,972 shares during the period. Greenleaf Trust’s holdings in Uber Technologies were worth $1,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies during the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky raised its holdings in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in Uber Technologies during the 3rd quarter valued at $2,302,000. Polianta Ltd bought a new stake in Uber Technologies in the 4th quarter worth $1,206,000. Finally, Brophy Wealth Management LLC purchased a new position in shares of Uber Technologies in the third quarter valued at about $1,041,000. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of analyst reports. UBS Group dropped their target price on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a report on Monday. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday. DA Davidson boosted their target price on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Tigress Financial upped their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Piper Sandler cut their price target on shares of Uber Technologies from $98.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.89.

Uber Technologies Price Performance

Shares of UBER opened at $67.33 on Tuesday. The firm has a market cap of $141.78 billion, a PE ratio of 33.50, a P/E/G ratio of 0.77 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. 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 firm has a fifty day simple moving average of $65.61 and a two-hundred day simple moving average of $70.09.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by company insiders.

About Uber Technologies

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.