TD Private Client Wealth LLC Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

TD Private Client Wealth LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,592 shares of the ride-sharing company's stock after selling 9,368 shares during the period. TD Private Client Wealth LLC's holdings in Uber Technologies were worth $3,353,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Avion Wealth lifted its holdings in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares during the period. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $35,000. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD grew its position in Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after buying an additional 170 shares during the period. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Wolfe Research raised their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $90.31.

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Insiders Place Their Bets

In other news, 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 value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.92 during mid-day trading on Tuesday, reaching $75.59. 16,054,128 shares of the company were exchanged, compared to its average volume of 19,673,314. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company's 50 day moving average price is $73.06 and its 200 day moving average price is $71.67. The stock has a market capitalization of $157.91 billion, a PE ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

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