AMG National Trust Bank Buys Shares of 7,490 Uber Technologies, Inc. (NYSE:UBER)

AMG National Trust Bank bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,490 shares of the ride-sharing company’s stock, valued at approximately $452,000.

A number of other institutional investors also recently modified their holdings of UBER. Welch & Forbes LLC lifted its stake in shares of Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after purchasing an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its stake in shares of Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of Uber Technologies by 2.2% in the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. Drive Wealth Management LLC lifted its stake in shares of Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after purchasing an additional 155 shares during the last quarter. Finally, Institute for Wealth Management LLC. lifted its stake in shares of Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UBER. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Tigress Financial lifted their target price 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. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.71.

Uber Technologies Stock Performance

NYSE UBER opened at $76.38 on Friday. The stock has a market cap of $159.55 billion, a P/E ratio of 16.75, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve 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 company’s 50-day simple moving average is $70.92 and its 200 day simple moving average is $71.63.

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

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.