Legacy Private Trust Co. Makes New $2.91 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Legacy Private Trust Co. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,978 shares of the ride-sharing company's stock, valued at approximately $2,913,000.

A number of other large investors have also modified their holdings of UBER. Allworth Financial LP boosted its position in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after acquiring an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Uber Technologies during the 4th quarter valued at about $3,188,000. Clark Capital Management Group Inc. boosted its position in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after acquiring an additional 399,008 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its position in shares of Uber Technologies by 1,705.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company's stock valued at $3,414,000 after acquiring an additional 53,457 shares during the last quarter. Finally, Greenwood Capital Associates LLC boosted its position in shares of Uber Technologies by 6.4% during the 4th quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company's stock valued at $5,107,000 after acquiring an additional 5,095 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 0.6%

NYSE:UBER traded down $0.53 during mid-day trading on Monday, hitting $83.63. The stock had a trading volume of 17,031,580 shares, compared to its average volume of 20,576,315. The stock has a 50-day simple moving average of $79.53 and a two-hundred day simple moving average of $73.11. The company has a market capitalization of $174.89 billion, a PE ratio of 18.34, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. 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 (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) earnings per share. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies 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 sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock valued at $6,517,070 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. KeyCorp boosted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Piper Sandler reissued an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. DA Davidson upped their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

Uber Technologies Company 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.