Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 538,745 shares of the ride-sharing company's stock after purchasing an additional 4,112 shares during the period. Truist Financial Corp's holdings in Uber Technologies were worth $32,497,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $35,000. Finally, Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In related news, 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 sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $2.38 during trading hours on Friday, reaching $78.89. 21,758,503 shares of the stock were exchanged, compared to its average volume of 28,847,662. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $67.67 and a 200-day simple moving average of $71.11. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market capitalization of $164.79 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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%. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on UBER. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Arete Research upgraded Uber Technologies to a "hold" rating in a research report on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Tigress Financial upped their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.91.

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.