Community Trust & Investment Co. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 200,038 shares of the ride-sharing company's stock, valued at approximately $14,575,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boothe Investment Group Inc. increased its position in shares of Uber Technologies by 33.2% in the first quarter. Boothe Investment Group Inc. now owns 80,294 shares of the ride-sharing company's stock valued at $5,850,000 after acquiring an additional 20,011 shares during the last quarter. QRG Capital Management Inc. raised its stake in Uber Technologies by 5.9% in the 1st quarter. QRG Capital Management Inc. now owns 290,573 shares of the ride-sharing company's stock valued at $21,171,000 after acquiring an additional 16,062 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in Uber Technologies by 128.6% during the 1st quarter. Sagespring Wealth Partners LLC now owns 16,401 shares of the ride-sharing company's stock valued at $1,195,000 after purchasing an additional 9,226 shares during the last quarter. Shikiar Asset Management Inc. boosted its position in Uber Technologies by 19.6% during the first quarter. Shikiar Asset Management Inc. now owns 151,622 shares of the ride-sharing company's stock worth $11,047,000 after purchasing an additional 24,900 shares during the period. Finally, Sowell Financial Services LLC raised its holdings in Uber Technologies by 55.5% in the 1st quarter. Sowell Financial Services LLC now owns 56,166 shares of the ride-sharing company's stock valued at $4,092,000 after acquiring an additional 20,040 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Price Performance
NYSE:UBER traded up $1.17 during mid-day trading on Monday, hitting $85.10. The company's stock had a trading volume of 12,233,491 shares, compared to its average volume of 20,764,444. The company has a market capitalization of $177.95 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The stock has a fifty day moving average of $82.19 and a 200-day moving average of $74.00.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. Uber Technologies's revenue was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.
Get Our Latest Stock Analysis on Uber Technologies
Insider Activity at Uber Technologies
In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,441,071 over the last ninety days. 3.84% of the stock is owned by insiders.
About Uber Technologies
(
Free Report)
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.
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