Cadence Bank Buys 4,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cadence Bank grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 141.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,826 shares of the ride-sharing company’s stock after acquiring an additional 4,000 shares during the quarter. Cadence Bank’s holdings in Uber Technologies were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UBER. Welch & Forbes LLC increased its holdings in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after buying an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted 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 worth $282,000 after buying an additional 150 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after acquiring an additional 155 shares during the period. Institute for Wealth Management LLC. grew its stake in shares of Uber Technologies by 2.4% during 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 period. Finally, Fairfield Financial Advisors LTD lifted its stake in shares of Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after purchasing an additional 170 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Tony West sold 23,404 shares of the firm’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 transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $89.81.

Uber Technologies Price Performance

NYSE:UBER opened at $75.28 on Friday. The firm has a market capitalization of $157.47 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The business has a 50 day simple moving average of $74.06 and a 200-day simple moving average of $71.46. 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 earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.