TD Asset Management Inc. Sells 278,196 Shares of Uber Technologies, Inc. (NYSE:UBER)

TD Asset Management Inc. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,633,786 shares of the ride-sharing company's stock after selling 278,196 shares during the quarter. TD Asset Management Inc. owned 0.08% of Uber Technologies worth $98,550,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UBER. Jennison Associates LLC lifted its position in Uber Technologies by 36.9% in the 4th 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 in the last quarter. Boston Partners bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $381,057,000. Assenagon Asset Management S.A. lifted 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 purchasing an additional 5,753,637 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new position in shares of Uber Technologies during the fourth quarter worth about $166,072,000. Finally, Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In related 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 owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated 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 sale, the insider now owns 86,973 shares in the company, valued at $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. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

UBER stock traded down $2.30 during trading hours on Friday, hitting $72.56. 6,300,307 shares of the stock were exchanged, compared to its average volume of 20,052,232. The company has a 50-day simple moving average of $73.33 and a two-hundred day simple moving average of $71.71. The firm has a market capitalization of $151.58 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Evercore ISI reduced their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. DA Davidson cut their price target 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, Citigroup lowered their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Ten 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $90.31.

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.