TD Asset Management Inc. Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

TD Asset Management Inc. cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,633,786 shares of the ride-sharing company’s stock after selling 278,196 shares during the quarter. TD Asset Management Inc.’s holdings in Uber Technologies were worth $98,550,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UBER. Jennison Associates LLC raised its holdings in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $381,057,000. Assenagon Asset Management S.A. lifted its position 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 worth $398,809,000 after purchasing an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new position in Uber Technologies in the fourth quarter worth about $166,072,000. Finally, Vanguard Group Inc. increased its holdings in Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

NYSE UBER opened at $75.59 on Wednesday. The stock has a market capitalization of $157.91 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The business’s fifty day moving average is $73.06 and its two-hundred day moving average is $71.67. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % 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. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on UBER shares. Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Arete Research raised shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies 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.