Commerce Bank Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Commerce Bank cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 976,272 shares of the ride-sharing company's stock after selling 10,219 shares during the period. Commerce Bank's holdings in Uber Technologies were worth $58,889,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Welch & Forbes LLC increased its position in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after acquiring an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in Uber Technologies by 3.5% during the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after buying an additional 150 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after acquiring an additional 155 shares during the last quarter. Institute for Wealth Management LLC. grew its position in shares of Uber Technologies by 2.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock valued at $398,000 after acquiring an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD raised its holdings in Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after purchasing an additional 170 shares during the period. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank of Canada restated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. DA Davidson cut their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, UBS Group restated a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.81.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 in the last quarter. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 3.1 %

Uber Technologies stock traded up $2.23 during mid-day trading on Tuesday, reaching $75.15. 6,569,168 shares of the company were exchanged, compared to its average volume of 20,309,396. The firm has a market cap of $157.20 billion, a P/E ratio of 16.54, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The business has a fifty day moving average of $73.93 and a 200 day moving average of $71.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.