First Citizens Bank & Trust Co. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

First Citizens Bank & Trust Co. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,014 shares of the ride-sharing company's stock, valued at approximately $584,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Avion Wealth boosted its holdings in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC bought a new position in Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the fourth quarter valued at approximately $28,000. Finally, Perkins Coie Trust Co raised its position in shares of Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. KGI Securities reaffirmed a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, May 7th. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price target for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Twelve research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $94.39.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $1.47 during midday trading on Thursday, reaching $85.11. The company had a trading volume of 5,845,623 shares, compared to its average volume of 20,723,388. The company has a market capitalization of $177.98 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year 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. The stock has a fifty day simple moving average of $81.40 and a 200 day simple moving average of $73.80.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate 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 period last year, the company earned ($0.32) earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,384 shares of company stock valued at $4,872,471. 3.84% of the stock is currently owned by corporate insiders.

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.