Fifth Third Bancorp Acquires 41,497 Shares of Uber Technologies, Inc. (NYSE:UBER)

Fifth Third Bancorp raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,900 shares of the ride-sharing company's stock after acquiring an additional 41,497 shares during the quarter. Fifth Third Bancorp's holdings in Uber Technologies were worth $16,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in UBER. Allworth Financial LP grew its stake in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after buying an additional 399,008 shares during the period. UMB Bank n.a. raised its holdings in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares in the last quarter. MFG Wealth Management Inc. bought a new stake in Uber Technologies during the 4th quarter valued at approximately $1,997,000. Finally, TigerOak Management L.L.C. purchased a new stake in Uber Technologies in the fourth quarter worth $1,278,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $1.81 during trading on Friday, hitting $83.81. The company had a trading volume of 17,974,278 shares, compared to its average volume of 20,762,339. The stock has a 50 day simple moving average of $81.81 and a 200 day simple moving average of $73.89. The firm has a market capitalization of $175.26 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the business posted ($0.32) EPS. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents 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 available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were 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 now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,441,071 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the topic of several research reports. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Piper Sandler reissued an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Barclays raised their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, UBS Group increased their target price on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong 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 $94.39.

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.