Truist Financial Corp Purchases 4,112 Shares of Uber Technologies, Inc. (NYSE:UBER)

Truist Financial Corp boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 0.8% during the fourth quarter, HoldingsChannel reports. The fund owned 538,745 shares of the ride-sharing company’s stock after buying an additional 4,112 shares during the quarter. Truist Financial Corp’s holdings in Uber Technologies were worth $32,497,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in Uber Technologies by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 320,380 shares of the ride-sharing company’s stock valued at $19,325,000 after acquiring an additional 14,965 shares during the period. 5T Wealth LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $4,126,000. Human Investing LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $45,000. NTV Asset Management LLC raised its stake in Uber Technologies by 19.6% in the 4th quarter. NTV Asset Management LLC now owns 14,878 shares of the ride-sharing company’s stock valued at $897,000 after acquiring an additional 2,436 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in Uber Technologies by 6.0% in the 4th quarter. Sanctuary Advisors LLC now owns 276,586 shares of the ride-sharing company’s stock valued at $18,418,000 after acquiring an additional 15,552 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 2.5 %

Shares of UBER opened at $81.44 on Wednesday. The firm has a market cap of $171.49 billion, a P/E ratio of 17.86, a P/E/G ratio of 0.81 and a beta of 1.39. The stock has a 50 day simple moving average of $66.54 and a two-hundred day simple moving average of $70.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, analysts forecast that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UBER. DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.91.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 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.