Citizens Financial Group Inc. RI Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Citizens Financial Group Inc. RI grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,427 shares of the ride-sharing company’s stock after purchasing an additional 10,465 shares during the period. Citizens Financial Group Inc. RI’s holdings in Uber Technologies were worth $7,385,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC purchased a new position in Uber Technologies in the third quarter valued at about $586,000. Axxcess Wealth Management LLC raised its position in shares of Uber Technologies by 10.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 20,441 shares of the ride-sharing company’s stock valued at $1,536,000 after purchasing an additional 1,992 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $127,000. Venturi Wealth Management LLC grew its position in shares of Uber Technologies by 40.3% during the third quarter. Venturi Wealth Management LLC now owns 2,035 shares of the ride-sharing company’s stock worth $153,000 after buying an additional 585 shares in the last quarter. Finally, Versor Investments LP bought a new stake in shares of Uber Technologies in the third quarter worth $676,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 3.5 %

Shares of NYSE:UBER opened at $70.52 on Wednesday. The company has a 50 day moving average of $71.37 and a 200-day moving average of $71.59. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market cap of $147.31 billion, a P/E ratio of 15.46, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UBER shares. Tigress Financial increased their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Wells Fargo & Company decreased their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Truist Financial upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.