Whittier Trust Co. Buys 451 Shares of Uber Technologies, Inc. (NYSE:UBER)

Whittier Trust Co. boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,871 shares of the ride-sharing company’s stock after purchasing an additional 451 shares during the period. Whittier Trust Co.’s holdings in Uber Technologies were worth $656,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BluePointe Capital Management LLC raised its holdings in shares of Uber Technologies by 32.3% in the 4th quarter. BluePointe Capital Management LLC now owns 4,562 shares of the ride-sharing company’s stock worth $275,000 after purchasing an additional 1,114 shares during the period. Condor Capital Management bought a new stake in shares of Uber Technologies in the fourth quarter valued at $1,827,000. Teacher Retirement System of Texas lifted its position in shares of Uber Technologies by 388.0% during the 4th quarter. Teacher Retirement System of Texas now owns 269,817 shares of the ride-sharing company’s stock valued at $16,275,000 after buying an additional 214,525 shares during the last quarter. Sandy Spring Bank grew its stake in shares of Uber Technologies by 24.1% during the 4th quarter. Sandy Spring Bank now owns 39,617 shares of the ride-sharing company’s stock worth $2,390,000 after acquiring an additional 7,702 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in Uber Technologies by 3.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 874,823 shares of the ride-sharing company’s stock worth $52,769,000 after acquiring an additional 29,038 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were 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 approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Wolfe Research increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. KGI Securities reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, DA Davidson dropped their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Stock Performance

Shares of UBER stock opened at $75.94 on Friday. The firm has a market capitalization of $158.65 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39. The stock has a fifty day moving average of $72.64 and a 200 day moving average of $71.59. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. 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 posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.