Farmers Trust Co. Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Farmers Trust Co. increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 49.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,840 shares of the ride-sharing company's stock after acquiring an additional 22,517 shares during the period. Farmers Trust Co.'s holdings in Uber Technologies were worth $4,943,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UBER. Brighton Jones LLC raised its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. R Squared Ltd bought a new position in Uber Technologies in the fourth quarter worth about $89,000. Hantz Financial Services Inc. lifted its holdings in Uber Technologies by 3.8% in the fourth quarter. Hantz Financial Services Inc. now owns 60,033 shares of the ride-sharing company's stock worth $3,621,000 after buying an additional 2,210 shares during the period. Finally, Swedbank AB grew its holdings in shares of Uber Technologies by 9.0% during the 4th quarter. Swedbank AB now owns 1,103,161 shares of the ride-sharing company's stock worth $66,543,000 after acquiring an additional 91,274 shares during the period. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on UBER. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Loop Capital reissued a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. UBS Group boosted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Finally, Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $93.91.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock worth $6,517,070 in the last 90 days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.30 during mid-day trading on Friday, reaching $84.00. 29,036,834 shares of the stock traded hands, compared to its average volume of 20,577,683. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The business's 50-day moving average is $79.34 and its 200-day moving average is $73.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $175.66 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business posted ($0.32) earnings per share. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts predict 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.