Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,264 shares of the ride-sharing company’s stock after selling 199 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Uber Technologies were worth $1,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Welch & Forbes LLC increased its holdings in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after buying an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after buying an additional 150 shares during the period. Canopy Partners LLC boosted its position in Uber Technologies by 2.2% in the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after purchasing an additional 151 shares in the last quarter. Drive Wealth Management LLC boosted its position in Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after purchasing an additional 155 shares in the last quarter. Finally, Institute for Wealth Management LLC. boosted its position in Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.9 %

Shares of UBER opened at $76.38 on Monday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a market capitalization of $159.55 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock has a fifty day simple moving average of $70.92 and a two-hundred day simple moving average of $71.62. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Eight research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $90.71.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s 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 completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

About Uber Technologies

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.