Citizens Business Bank Lowers Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Citizens Business Bank reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,933 shares of the ride-sharing company's stock after selling 26,946 shares during the quarter. Uber Technologies comprises about 1.1% of Citizens Business Bank's investment portfolio, making the stock its 27th biggest position. Citizens Business Bank's holdings in Uber Technologies were worth $4,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of 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 acquiring an additional 560 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 495 shares in the last quarter. CVA Family Office LLC purchased a new stake in Uber Technologies during the 4th quarter worth $30,000. Finally, Highlander Capital Management LLC increased its holdings in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock valued at $31,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group boosted their price objective on Uber Technologies from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Argus upped their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Bank of America lifted their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Roth Mkm upped their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $79.39.

Uber Technologies Price Performance

UBER stock traded down $1.14 during trading hours on Tuesday, hitting $66.26. 22,698,419 shares of the stock traded hands, compared to its average volume of 19,764,270. The stock has a 50-day simple moving average of $76.08 and a 200 day simple moving average of $64.75. The company has a market cap of $137.91 billion, a P/E ratio of 78.38, a P/E/G ratio of 1.09 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $31.76 and a one year high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the firm posted $0.29 EPS. The business's revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts forecast that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

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.

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