Greenleaf Trust Has $315,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Greenleaf Trust lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.3% during the fourth quarter, Holdings Channel reports. The fund owned 5,113 shares of the ride-sharing company’s stock after buying an additional 679 shares during the quarter. Greenleaf Trust’s holdings in Uber Technologies were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UBER. OFI Invest Asset Management acquired a new position in shares of Uber Technologies during the 3rd quarter valued at $26,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 560 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 495 shares during the period. CVA Family Office LLC acquired a new position in shares of Uber Technologies during the 4th quarter valued at $30,000. Finally, Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on UBER shares. Argus upped their price objective on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. BMO Capital Markets upped their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Gordon Haskett downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price objective on the stock. in a report on Wednesday, January 24th. Finally, Piper Sandler upped their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Uber Technologies Price Performance

UBER opened at $70.80 on Wednesday. The firm has a market cap of $147.36 billion, a P/E ratio of 82.33, a PEG ratio of 1.09 and a beta of 1.36. The firm has a 50-day moving average of $76.92 and a 200 day moving average of $64.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. On average, research analysts expect that Uber Technologies, Inc. will post 1.22 EPS for the current year.

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.