Truist Financial Corp Has $49.69 Million Stock Holdings in Uber Technologies, Inc. $UBER

Truist Financial Corp cut its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 608,150 shares of the ride-sharing company’s stock after selling 62,922 shares during the quarter. Truist Financial Corp’s holdings in Uber Technologies were worth $49,692,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UBER. Massachusetts Financial Services Co. MA grew its stake in shares of Uber Technologies by 4,471.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock valued at $290,660,000 after buying an additional 2,901,936 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Uber Technologies by 97.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,422,035 shares of the ride-sharing company’s stock valued at $531,197,000 after buying an additional 2,671,539 shares during the period. C WorldWide Group Holding A S bought a new position in Uber Technologies in the 3rd quarter valued at about $173,776,000. Vanguard Group Inc. boosted its stake in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Finally, Danske Bank A S acquired a new position in Uber Technologies during the 3rd quarter valued at about $151,979,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the transaction, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The SEC filing for this sale provides additional information. 3.81% of the stock is owned by company insiders.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Price Performance

Uber Technologies stock opened at $72.94 on Wednesday. Uber Technologies, Inc. has a 52 week low of $68.46 and a 52 week high of $101.99. The company’s 50 day moving average price is $73.89 and its two-hundred day moving average price is $81.01. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market cap of $149.01 billion, a P/E ratio of 15.49, a P/E/G ratio of 6.77 and a beta of 1.16.

Uber Technologies (NYSE:UBERGet Free Report) last posted its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The firm had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. During the same period in the prior year, the business earned $3.21 EPS. Uber Technologies’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 3.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. BNP Paribas Exane began coverage on Uber Technologies in a research note on Wednesday, January 14th. They set an “outperform” rating and a $108.00 price target for the company. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. TD Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, March 11th. Canaccord Genuity Group set a $72.00 price target on Uber Technologies in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $105.11.

Check Out Our Latest Stock Analysis on UBER

Uber Technologies Company Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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