OLD National Bancorp IN Sells 4,874 Shares of Uber Technologies, Inc. (NYSE:UBER)

OLD National Bancorp IN reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,878 shares of the ride-sharing company’s stock after selling 4,874 shares during the quarter. OLD National Bancorp IN’s holdings in Uber Technologies were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. increased its holdings in shares of Uber Technologies by 1,108.6% in the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after purchasing an additional 14,386,205 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Uber Technologies in the third quarter valued at $272,625,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies in the third quarter valued at $187,111,000. Winslow Capital Management LLC increased its holdings in shares of Uber Technologies by 33.6% in the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after purchasing an additional 2,278,252 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBER shares. BTIG Research upped their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research note on Thursday, February 15th. Barclays upped their price target on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets upped their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Bank of America upped their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Stock Down 0.1 %

Shares of NYSE UBER opened at $69.31 on Friday. The company has a 50 day simple moving average of $76.49 and a 200 day simple moving average of $64.19. The firm has a market cap of $144.26 billion, a PE ratio of 80.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

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, beating analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Insider Activity at Uber Technologies

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

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.