Synovus Financial Corp Has $3.08 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Synovus Financial Corp grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 191.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,038 shares of the ride-sharing company's stock after acquiring an additional 33,539 shares during the quarter. Synovus Financial Corp's holdings in Uber Technologies were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission.

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

Uber Technologies Stock Up 1.3 %

Shares of NYSE UBER traded up $0.97 during mid-day trading on Tuesday, reaching $74.07. The company had a trading volume of 13,754,270 shares, compared to its average volume of 20,339,105. The stock has a market capitalization of $154.94 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock's 50 day moving average is $74.19 and its 200-day moving average is $71.44.

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Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the company's stock in a transaction dated 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 in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UBER. Wells Fargo & Company boosted their price target on Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, April 3rd. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $89.81.

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.