Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Commerce Bank

Commerce Bank lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 976,272 shares of the ride-sharing company's stock after selling 10,219 shares during the quarter. Commerce Bank's holdings in Uber Technologies were worth $58,889,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Uber Technologies during the fourth quarter valued at $1,467,754,000. Jennison Associates LLC raised its position in shares of Uber Technologies by 36.9% during 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 buying an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $381,057,000. Assenagon Asset Management S.A. boosted its holdings in shares of Uber Technologies by 670.6% in 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 acquiring an additional 5,753,637 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new position in shares of Uber Technologies during the fourth quarter valued at approximately $166,072,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. TD Cowen dropped their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, KGI Securities reiterated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company'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 transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $75.28 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business's 50-day moving average price is $74.09 and its two-hundred day moving average price is $71.45. 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 company has a market capitalization of $157.47 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share 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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