Greenleaf Trust Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Greenleaf Trust lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,752 shares of the ride-sharing company's stock after buying an additional 5,645 shares during the quarter. Greenleaf Trust's holdings in Uber Technologies were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of UBER. Clark Capital Management Group Inc. grew its position in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after acquiring an additional 399,008 shares during the last quarter. UMB Bank n.a. lifted its position in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $84,687,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 1.1%

Shares of NYSE:UBER traded down $1.04 during midday trading on Friday, hitting $95.36. 12,442,436 shares of the stock were exchanged, compared to its average volume of 21,206,819. The stock has a market capitalization of $199.41 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50-day moving average price is $88.25 and its 200 day moving average price is $77.30. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) earnings per share. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the subject of a number of research reports. UBS Group increased their target price on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. DA Davidson raised their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Barclays raised their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Loop Capital reaffirmed a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Thirteen analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $96.12.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% 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 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. Corporate 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.