Argent Trust Co Has $2.55 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Argent Trust Co increased its stake in Uber Technologies by 10.1%, acquiring an additional 3,213 shares, bringing its total holdings to 35,014 shares worth approximately $2.55 million.
• Multiple hedge funds have also boosted their stakes in Uber, with DC Advisers LLC increasing holdings by 100% and J. Safra Sarasin Holding AG by 174.6% during the first quarter.
• Analysts have set a target price for Uber Technologies shares, with Barclays and Stifel Nicolaus raising their targets to $97.00 and $117.00, respectively, while the average target price is $100.71.

Argent Trust Co increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,014 shares of the ride-sharing company's stock after buying an additional 3,213 shares during the period. Argent Trust Co's holdings in Uber Technologies were worth $2,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Research Global Investors lifted its stake in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Capital World Investors lifted its stake in Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the last quarter. Northern Trust Corp raised its stake in shares of Uber Technologies by 9.0% during the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock valued at $1,117,158,000 after acquiring an additional 1,528,168 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after acquiring an additional 6,254,898 shares during the last quarter. Finally, Allen Investment Management LLC raised its stake in shares of Uber Technologies by 2.8% during the first quarter. Allen Investment Management LLC now owns 5,304,178 shares of the ride-sharing company's stock valued at $386,462,000 after acquiring an additional 142,559 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America boosted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Barclays boosted their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. Finally, DA Davidson raised their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $100.71.

Uber Technologies Stock Performance

NYSE UBER traded up $1.53 during trading on Tuesday, hitting $89.96. The company's stock had a trading volume of 7,683,287 shares, compared to its average volume of 22,081,516. The firm has a market cap of $188.12 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The firm has a 50 day moving average price of $89.12 and a 200 day moving average price of $80.47.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.32) EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.