City Holding Co. Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

City Holding Co. increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 79.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,305 shares of the ride-sharing company’s stock after acquiring an additional 18,675 shares during the quarter. City Holding Co.’s holdings in Uber Technologies were worth $2,551,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in 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 acquiring an additional 5,753,637 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after purchasing an additional 3,179,308 shares in the last quarter. Edgewood Management LLC lifted its holdings in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB purchased a new stake in Uber Technologies during the 3rd quarter worth approximately $163,468,000. Finally, Nordea Investment Management AB raised its holdings in shares of Uber Technologies by 1,370.1% in the fourth quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock worth $134,144,000 after buying an additional 2,064,382 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UBER shares. Royal Bank of Canada lifted their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Thursday, October 31st. Raymond James began coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 target price on the stock. Truist Financial cut their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Stock Down 1.9 %

Shares of NYSE:UBER opened at $67.30 on Monday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm’s 50 day moving average price is $66.24 and its 200 day moving average price is $70.36. The stock has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

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.