First Bank & Trust Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

First Bank & Trust boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,146 shares of the ride-sharing company’s stock after buying an additional 6,172 shares during the quarter. First Bank & Trust’s holdings in Uber Technologies were worth $2,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Vanguard Group Inc. grew its position in shares of Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after purchasing an additional 43,275,830 shares in the last quarter. Capital World Investors grew its holdings in shares of Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors grew its holdings in shares of Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the period. Norges Bank acquired a new stake in Uber Technologies during the fourth quarter worth about $1,415,778,000. Finally, Brown Advisory Inc. raised its stake in Uber Technologies by 14.7% during the fourth quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock worth $1,107,745,000 after purchasing an additional 2,307,763 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group reduced their price target on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. Oppenheimer reiterated an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Argus increased their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Truist Financial boosted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.41.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,984 shares of company stock valued at $42,258,297. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock traded up $2.34 during trading hours on Friday, hitting $72.68. The company’s stock had a trading volume of 21,375,880 shares, compared to its average volume of 14,821,461. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $67.90 and a 200-day moving average of $69.78. The stock has a market cap of $151.87 billion, a price-to-earnings ratio of 117.23, a P/E/G ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. Uber Technologies’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current 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.