CENTRAL TRUST Co Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

CENTRAL TRUST Co lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 281.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,423 shares of the ride-sharing company’s stock after buying an additional 3,263 shares during the period. CENTRAL TRUST Co’s holdings in Uber Technologies were worth $267,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after purchasing an additional 5,753,637 shares in the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in Uber Technologies during the fourth quarter valued at $166,072,000. Edgewood Management LLC increased its position in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after acquiring an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB purchased a new stake in Uber Technologies during the third quarter valued at $163,468,000. Finally, Nordea Investment Management AB increased its position in Uber Technologies by 1,370.1% during the fourth quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock valued at $134,144,000 after acquiring an additional 2,064,382 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

NYSE:UBER opened at $69.71 on Wednesday. The firm has a market capitalization of $146.79 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 0.77 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a 50 day simple moving average of $65.49 and a 200-day simple moving average of $70.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UBER shares. Tigress Financial upped their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler reduced their price target on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, KeyCorp reduced their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.89.

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.