Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by CENTRAL TRUST Co

CENTRAL TRUST Co increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 201.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,349 shares of the ride-sharing company's stock after purchasing an additional 8,926 shares during the quarter. CENTRAL TRUST Co's holdings in Uber Technologies were worth $973,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in Uber Technologies in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter worth about $27,000. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 0.3%

Uber Technologies stock traded up $0.29 during midday trading on Friday, reaching $83.73. The company's stock had a trading volume of 27,456,507 shares, compared to its average volume of 20,895,478. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $175.09 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.06 and a beta of 1.38. The business has a 50-day simple moving average of $83.30 and a 200-day simple moving average of $74.30.

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

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Bank of America increased their target price on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $94.39.

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.