Whittier Trust Co. of Nevada Inc. Has $184,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

Whittier Trust Co. of Nevada Inc. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 43.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,526 shares of the ride-sharing company’s stock after acquiring an additional 765 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Uber Technologies were worth $184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Management Professionals Inc. lifted its position in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies during the 1st quarter worth about $32,000. Founders Capital Management bought a new stake in Uber Technologies during the 2nd quarter worth about $33,000. YHB Investment Advisors Inc. bought a new stake in Uber Technologies during the 1st quarter worth about $37,000. Finally, NewSquare Capital LLC lifted its position in Uber Technologies by 1,509.4% during the 2nd quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 483 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The disclosure for this sale can be found here. Insiders sold a total of 617,234 shares of company stock worth $44,017,734 over the last three months. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. Truist Financial boosted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on shares of Uber Technologies from $91.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group lowered their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $87.50.

Uber Technologies Trading Up 1.5 %

Shares of UBER stock traded up $1.07 during trading hours on Thursday, hitting $72.92. 4,558,871 shares of the company’s stock traded hands, compared to its average volume of 18,572,758. The stock’s 50 day simple moving average is $69.40 and its 200 day simple moving average is $71.42. The stock has a market cap of $153.20 billion, a PE ratio of 117.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the prior year, the company posted $0.18 earnings per share. Uber Technologies’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.04 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.