TIAA Trust National Association Buys 225,084 Shares of Uber Technologies, Inc. (NYSE:UBER)

TIAA Trust National Association boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 697.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 257,365 shares of the ride-sharing company’s stock after acquiring an additional 225,084 shares during the period. TIAA Trust National Association’s holdings in Uber Technologies were worth $15,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC increased its stake in shares of Uber Technologies by 18.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock worth $1,231,000 after acquiring an additional 2,546 shares in the last quarter. Larson Financial Group LLC raised its position in Uber Technologies by 38.1% in the 3rd quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company’s stock worth $247,000 after buying an additional 906 shares during the last quarter. Independent Advisor Alliance lifted its position in Uber Technologies by 12.1% during the third quarter. Independent Advisor Alliance now owns 35,119 shares of the ride-sharing company’s stock valued at $2,640,000 after purchasing an additional 3,788 shares during the period. DRW Securities LLC purchased a new position in shares of Uber Technologies in the 3rd quarter worth $1,481,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Uber Technologies by 178.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock valued at $272,000 after purchasing an additional 2,314 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UBER shares. JPMorgan Chase & Co. reduced their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Wolfe Research raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Trading Down 1.2 %

NYSE:UBER opened at $75.59 on Wednesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a 50 day moving average of $73.06 and a 200 day moving average of $71.67. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $157.91 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.39.

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

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24 % 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 over the last quarter. 3.84% of the stock is currently owned by company insiders.

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.