Fifth Third Wealth Advisors LLC Has $5.13 Million Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Uber Technologies by 8.3%, owning 55,007 shares valued at approximately $5.13 million.
• Notable institutional activities include Geneos Wealth Management growing its holdings by over 805%, and Fort Washington Investment Advisors increasing its stake by 42.7% in the second quarter.
• Research analysts have generally positive outlooks on Uber, with a consensus price target of $104.03 and several firms upgrading their ratings on the stock.

Fifth Third Wealth Advisors LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,007 shares of the ride-sharing company's stock after buying an additional 4,237 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Uber Technologies were worth $5,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBER. Hilltop National Bank acquired a new stake in shares of Uber Technologies during the second quarter worth $96,000. Geneos Wealth Management Inc. grew its holdings in Uber Technologies by 805.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock worth $7,483,000 after acquiring an additional 91,362 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Uber Technologies by 42.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock worth $70,822,000 after acquiring an additional 226,960 shares during the period. Kapstone Financial Advisors LLC acquired a new stake in Uber Technologies during the 2nd quarter worth about $415,000. Finally, Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction 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 transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock valued at $58,659,491 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Mizuho assumed coverage on shares of Uber Technologies in a research report on Monday, September 29th. They set an "outperform" rating and a $130.00 price objective for the company. UBS Group raised their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $104.03.

Uber Technologies Price Performance

UBER stock opened at $93.52 on Friday. The company has a market capitalization of $195.03 billion, a P/E ratio of 15.93 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The business has a 50-day simple moving average of $94.86 and a two-hundred day simple moving average of $87.81.

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

About Uber Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.