Trust Investment Advisors Invests $220,000 in Uber Technologies, Inc. (NYSE:UBER)

Trust Investment Advisors bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,581 shares of the ride-sharing company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after acquiring an additional 2,067,098 shares in the last quarter. Altimeter Capital Management LP boosted its position in Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after purchasing an additional 19,260,000 shares during the last quarter. Norges Bank bought a new position in Uber Technologies in the fourth quarter valued at approximately $580,568,000. Capital World Investors increased its position in shares of Uber Technologies by 18.5% during the 1st quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock worth $787,480,000 after purchasing an additional 3,443,554 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Uber Technologies by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock worth $651,575,000 after purchasing an additional 615,942 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.64 during trading on Thursday, hitting $71.30. 20,407,752 shares of the company were exchanged, compared to its average volume of 19,540,418. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The stock has a 50 day moving average of $76.93 and a 200 day moving average of $63.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $148.40 billion, a PE ratio of 83.80, a P/E/G ratio of 1.19 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Nomura lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $59.00 to $62.00 in a report on Friday, December 29th. KeyCorp increased their price objective on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, BTIG Research upped their price target on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $78.21.

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.