Truist Financial Corp Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Truist Financial Corp decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,942 shares of the ride-sharing company's stock after selling 205,550 shares during the quarter. Truist Financial Corp's holdings in Uber Technologies were worth $30,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Uber Technologies in the third quarter valued at $26,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 560 shares during the period. JFS Wealth Advisors LLC lifted its position in Uber Technologies by 319.4% in the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 495 shares during the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies during the fourth quarter worth about $30,000. Finally, Highlander Capital Management LLC increased its position in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock valued at $31,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company's stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company's stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 2.4 %

Uber Technologies stock traded down $1.64 during mid-day trading on Monday, hitting $67.41. The company had a trading volume of 21,117,097 shares, compared to its average volume of 19,728,219. The stock has a market cap of $140.31 billion, a price-to-earnings ratio of 78.38, a PEG ratio of 1.09 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 1 year low of $31.76 and a 1 year high of $82.14. The business has a fifty day moving average of $76.08 and a 200 day moving average of $64.75.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.76 billion. During the same period in the previous year, the company earned $0.29 earnings per share. Uber Technologies's quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UBER shares. BTIG Research increased their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Mizuho raised their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Citigroup boosted their price objective on Uber Technologies from $83.00 to $91.00 and gave the company a "buy" rating in a report on Friday, February 16th. UBS Group raised their target price on Uber Technologies from $94.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Friday, April 5th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.39.

Uber Technologies Company 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.