STAR Financial Bank Sells 350 Shares of Uber Technologies, Inc. (NYSE:UBER)

STAR Financial Bank lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 11.5% in the 3rd quarter, Holdings Channel reports. The fund owned 2,700 shares of the ride-sharing company’s stock after selling 350 shares during the quarter. STAR Financial Bank’s holdings in Uber Technologies were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Uber Technologies by 73.5% during the 1st quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company’s stock valued at $2,523,000 after buying an additional 13,887 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Uber Technologies during the first quarter valued at approximately $599,000. LGT Group Foundation purchased a new position in shares of Uber Technologies during the first quarter valued at approximately $77,000. CreativeOne Wealth LLC boosted its position in shares of Uber Technologies by 162.6% in the 1st quarter. CreativeOne Wealth LLC now owns 21,327 shares of the ride-sharing company’s stock worth $1,642,000 after purchasing an additional 13,206 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Uber Technologies by 60.3% in the 1st quarter. EP Wealth Advisors LLC now owns 32,621 shares of the ride-sharing company’s stock worth $2,511,000 after buying an additional 12,267 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent research reports. KeyCorp cut their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Evercore ISI raised their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. UBS Group upped their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Loop Capital lifted their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Trading Up 0.7 %

Shares of UBER stock opened at $69.62 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day simple moving average of $75.47 and a two-hundred day simple moving average of $71.11. The firm has a market capitalization of $146.60 billion, a PE ratio of 34.64, a PEG ratio of 0.69 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $53.89 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal 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.