Community Trust & Investment Co. Has $19 Million Stock Holdings in 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 position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,686 shares of the ride-sharing company's stock after purchasing 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. increased its stake in Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Navalign LLC increased its stake in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after acquiring an additional 126 shares during the last quarter. Atticus Wealth Management LLC increased its stake in 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 acquiring an additional 127 shares during the last quarter. Grove Bank & Trust increased its stake in Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after acquiring an additional 133 shares during the last quarter. Finally, Forum Financial Management LP increased its stake in Uber Technologies by 1.3% during the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after acquiring an additional 136 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Susquehanna raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Bank of America raised their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their target price on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.06.

Uber Technologies Stock Up 4.2%

NYSE:UBER traded up $3.98 during mid-day trading on Friday, reaching $98.68. The stock had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. The company has a market capitalization of $205.79 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $99.70. The stock's 50 day simple moving average is $92.63 and its two-hundred day simple moving average is $85.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 354,571 shares of company stock valued at $33,810,741 in the last 90 days. 3.84% of the stock is 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.