CIBC Private Wealth Group LLC Has $2.60 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

CIBC Private Wealth Group LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,034 shares of the ride-sharing company's stock after selling 7,062 shares during the period. CIBC Private Wealth Group LLC's holdings in Uber Technologies were worth $2,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBER. IPG Investment Advisors LLC boosted its position in Uber Technologies by 20.5% during the fourth quarter. IPG Investment Advisors LLC now owns 47,087 shares of the ride-sharing company's stock worth $2,840,000 after purchasing an additional 8,013 shares during the period. RWA Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 3.3% during the 4th quarter. RWA Wealth Partners LLC now owns 114,924 shares of the ride-sharing company's stock worth $6,932,000 after buying an additional 3,725 shares during the period. Schroder Investment Management Group grew its stake in Uber Technologies by 13.4% in the 4th quarter. Schroder Investment Management Group now owns 7,272,915 shares of the ride-sharing company's stock valued at $438,702,000 after buying an additional 860,257 shares during the last quarter. PARUS FINANCE UK Ltd bought a new position in Uber Technologies in the 4th quarter valued at about $1,068,000. Finally, Allianz SE acquired a new stake in Uber Technologies during the fourth quarter worth approximately $9,089,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Arete Research raised shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, DA Davidson dropped their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.41.

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Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last 90 days. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 6.2 %

Shares of NYSE UBER traded down $4.62 during midday trading on Thursday, reaching $69.88. The stock had a trading volume of 23,256,579 shares, compared to its average volume of 20,109,335. 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 company's 50 day moving average price is $73.80 and its 200 day moving average price is $71.82. The firm has a market cap of $146.17 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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.