Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.1% during the fourth quarter, HoldingsChannel reports. The fund owned 519,021 shares of the ride-sharing company’s stock after selling 616 shares during the period. Corebridge Financial Inc.’s holdings in Uber Technologies were worth $31,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Congress Wealth Management LLC DE grew its stake in shares of Uber Technologies by 65.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 28,999 shares of the ride-sharing company’s stock worth $1,749,000 after purchasing an additional 11,466 shares during the period. American Financial Group Inc. acquired a new position in Uber Technologies during the fourth quarter worth about $5,429,000. Mountain Hill Investment Partners Corp. acquired a new position in Uber Technologies during the fourth quarter worth about $60,000. Crowley Wealth Management Inc. purchased a new position in Uber Technologies in the fourth quarter valued at about $94,000. Finally, Emerald Advisers LLC lifted its position in shares of Uber Technologies by 11.2% during the 4th quarter. Emerald Advisers LLC now owns 12,263 shares of the ride-sharing company’s stock valued at $740,000 after acquiring an additional 1,232 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the business’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 transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 74,404 shares of company stock valued at $5,587,619 over the last three months. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UBER. KGI Securities restated a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Ten investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Up 2.1 %

Shares of NYSE:UBER opened at $75.94 on Monday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a 50-day simple moving average of $72.64 and a 200-day simple moving average of $71.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market capitalization of $158.65 billion, a P/E ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39.

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

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.