Greystone Financial Group LLC Boosts Position in Uber Technologies, Inc. (NYSE:UBER)

Greystone Financial Group LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 127.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,982 shares of the ride-sharing company’s stock after acquiring an additional 13,452 shares during the quarter. Greystone Financial Group LLC’s holdings in Uber Technologies were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. AMF Tjanstepension AB bought a new stake in Uber Technologies during the 3rd quarter valued at approximately $163,468,000. Foundations Investment Advisors LLC lifted its stake in shares of Uber Technologies by 34.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock valued at $631,000 after purchasing an additional 2,130 shares during the period. Greenleaf Trust boosted its position in shares of Uber Technologies by 9.5% during the third quarter. Greenleaf Trust now owns 19,079 shares of the ride-sharing company’s stock valued at $1,434,000 after purchasing an additional 1,659 shares in the last quarter. International Assets Investment Management LLC grew its stake in Uber Technologies by 6,256.7% in the third quarter. International Assets Investment Management LLC now owns 595,117 shares of the ride-sharing company’s stock worth $44,729,000 after purchasing an additional 585,755 shares during the period. Finally, Romano Brothers AND Company raised its holdings in Uber Technologies by 12.7% in the third quarter. Romano Brothers AND Company now owns 3,562 shares of the ride-sharing company’s stock worth $268,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. KeyCorp decreased their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.91.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $78.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm has a market capitalization of $164.79 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm has a 50 day moving average of $67.67 and a 200 day moving average of $71.11.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company’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 completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.