Sandy Spring Bank Has $2.39 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Sandy Spring Bank lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,617 shares of the ride-sharing company’s stock after buying an additional 7,702 shares during the quarter. Sandy Spring Bank’s holdings in Uber Technologies were worth $2,390,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Royal London Asset Management Ltd. increased its position in shares of Uber Technologies by 3.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 874,823 shares of the ride-sharing company’s stock worth $52,769,000 after buying an additional 29,038 shares during the period. GM Advisory Group LLC increased its position in shares of Uber Technologies by 11.1% during the fourth quarter. GM Advisory Group LLC now owns 106,009 shares of the ride-sharing company’s stock worth $6,394,000 after buying an additional 10,592 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd acquired a new stake in Uber Technologies in the fourth quarter worth $9,497,000. Investment House LLC grew its holdings in Uber Technologies by 11.9% in the fourth quarter. Investment House LLC now owns 127,010 shares of the ride-sharing company’s stock worth $7,661,000 after purchasing an additional 13,515 shares during the period. Finally, WIM INVESTMENT MANAGEMENT Ltd grew its holdings in Uber Technologies by 10.4% in the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 227,588 shares of the ride-sharing company’s stock worth $13,728,000 after purchasing an additional 21,500 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Piper Sandler restated an “overweight” rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Citigroup reduced their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,404 shares of company stock valued at $5,587,619. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $74.33 on Friday. The company’s 50 day moving average is $72.44 and its 200-day moving average is $71.57. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. 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 firm has a market cap of $155.27 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.