Hancock Whitney Corp Lowers Holdings in Uber Technologies, Inc. (NYSE:UBER)

Hancock Whitney Corp lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,127 shares of the ride-sharing company's stock after selling 49,830 shares during the quarter. Hancock Whitney Corp's holdings in Uber Technologies were worth $9,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of UBER. Empire Financial Management Company LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at approximately $1,225,000. Integrated Wealth Concepts LLC raised its holdings in shares of Uber Technologies by 33.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 48,516 shares of the ride-sharing company's stock worth $2,927,000 after purchasing an additional 12,163 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Uber Technologies by 63.7% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 381,219 shares of the ride-sharing company's stock worth $23,052,000 after purchasing an additional 148,322 shares during the period. RiverPark Advisors LLC boosted its stake in shares of Uber Technologies by 23.5% in the fourth quarter. RiverPark Advisors LLC now owns 48,353 shares of the ride-sharing company's stock worth $2,917,000 after buying an additional 9,210 shares during the last quarter. Finally, Kerrisdale Advisers LLC lifted its holdings in Uber Technologies by 74.9% in the fourth quarter. Kerrisdale Advisers LLC now owns 22,215 shares of the ride-sharing company's stock valued at $1,340,000 after acquiring an additional 9,510 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on UBER shares. Evercore ISI dropped their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Truist Financial boosted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. DA Davidson dropped their target price on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Trading Down 0.8 %

NYSE UBER opened at $73.82 on Thursday. The firm has a market cap of $154.42 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year 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 firm has a 50 day simple moving average of $73.70 and a 200-day simple moving average of $71.46.

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

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