Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Coastline Trust Co

Coastline Trust Co lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 69.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,006 shares of the ride-sharing company's stock after selling 54,969 shares during the period. Coastline Trust Co's holdings in Uber Technologies were worth $1,448,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $1,467,754,000. Jennison Associates LLC raised its position in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Boston Partners purchased a new position in shares of Uber Technologies in the 4th quarter valued at approximately $381,057,000. Assenagon Asset Management S.A. boosted its position in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after purchasing an additional 5,753,637 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. purchased a new stake in Uber Technologies in the fourth quarter worth $166,072,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the business's 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 owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 over the last ninety days. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UBER. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Arete Research upgraded Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Price Performance

Shares of UBER stock traded up $2.22 during mid-day trading on Friday, hitting $75.28. The company had a trading volume of 21,882,922 shares, compared to its average volume of 20,359,563. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock's 50 day moving average price is $74.06 and its 200-day moving average price is $71.44. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a market capitalization of $157.47 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.