Greenleaf Trust Has $2.30 Million Stock Holdings in Uber Technologies, Inc. $UBER

Greenleaf Trust increased its position in Uber Technologies, Inc. (NYSE:UBER) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 24,614 shares of the ride-sharing company’s stock after purchasing an additional 1,862 shares during the quarter. Greenleaf Trust’s holdings in Uber Technologies were worth $2,296,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at about $28,000. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Kozak & Associates Inc. boosted its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Vision Financial Markets LLC acquired a new position in Uber Technologies during the 1st quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 299 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $97.94 on Wednesday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The stock’s 50 day moving average price is $93.58 and its 200-day moving average price is $86.64. The company has a market capitalization of $204.25 billion, a PE ratio of 16.68 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. Cantor Fitzgerald reiterated an “overweight” rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Needham & Company LLC lifted their price target on Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Roth Capital lifted their price target on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Canaccord Genuity Group reiterated a “hold” rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. boosted their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.09.

Insider Buying and Selling

In related news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock worth $58,920,741 in the last three months. Insiders own 3.70% of the company’s stock.

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.