Community Trust & Investment Co. Buys 3,648 Shares of Uber Technologies, Inc. $UBER

Key Points

• Community Trust & Investment Co. increased its stake in Uber Technologies by 1.8%, now owning 203,686 shares valued at approximately $19 million.
• Analysts have expressed bullish sentiments, with Wells Fargo raising its price target for Uber to $127, reflecting an overall trend of positive upgrades from various firms.
• Insider trading activity reveals notable sales by CFO Prashanth Mahendra-Rajah and others, who sold shares amounting to over $33 million in the past 90 days.

Community Trust & Investment Co. raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,686 shares of the ride-sharing company's stock after buying an additional 3,648 shares during the period. Community Trust & Investment Co.'s holdings in Uber Technologies were worth $19,004,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Atticus Wealth Management LLC increased its position in shares of Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 127 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Uber Technologies by 3.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 703,600 shares of the ride-sharing company's stock worth $65,646,000 after purchasing an additional 25,100 shares in the last quarter. HWG Holdings LP acquired a new stake in shares of Uber Technologies during the second quarter worth about $3,596,000. Wedmont Private Capital increased its position in shares of Uber Technologies by 6.4% during the second quarter. Wedmont Private Capital now owns 25,696 shares of the ride-sharing company's stock worth $2,483,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Secure Asset Management LLC increased its position in shares of Uber Technologies by 400.5% during the second quarter. Secure Asset Management LLC now owns 35,325 shares of the ride-sharing company's stock worth $3,296,000 after purchasing an additional 28,267 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. Raymond James Financial raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. 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. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Barclays reissued an "overweight" rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Needham & Company LLC upped their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $93.94, for a total transaction of $293,562.50. Following the completion of the transaction, the insider directly owned 171,558 shares of the company's stock, valued at $16,116,158.52. This represents a 1.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 354,571 shares of company stock valued at $33,810,741 in the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded up $3.98 on Friday, hitting $98.68. The company had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. The business has a 50-day simple moving average of $92.63 and a 200-day simple moving average of $85.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $205.79 billion, a PE ratio of 16.13, a PEG ratio of 1.09 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.