Global Trust Asset Management LLC Sells 2,488 Shares of Uber Technologies, Inc. (NYSE:UBER)

Global Trust Asset Management LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 70.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,050 shares of the ride-sharing company’s stock after selling 2,488 shares during the period. Global Trust Asset Management LLC’s holdings in Uber Technologies were worth $63,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter valued at $35,000. Financial Management Professionals Inc. increased its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Transcendent Capital Group LLC lifted its position in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 0.1 %

NYSE UBER opened at $67.79 on Thursday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $142.75 billion, a PE ratio of 33.73, a P/E/G ratio of 0.73 and a beta of 1.36. The company has a fifty day moving average of $66.08 and a 200 day moving average of $70.31.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. Research analysts forecast that Uber Technologies, Inc. will post 1.91 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, December 18th. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Wells Fargo & Company cut their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI upped their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

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.