Heartland Bank & Trust Co Takes $443,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Heartland Bank & Trust Co acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,081 shares of the ride-sharing company's stock, valued at approximately $443,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navalign LLC lifted its position 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 purchasing an additional 126 shares during the period. Grove Bank & Trust lifted its position 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 purchasing an additional 133 shares during the period. Amplius Wealth Advisors LLC lifted its position in Uber Technologies by 3.6% during the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the period. Welch & Forbes LLC lifted its position in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after purchasing an additional 148 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC lifted its position in Uber Technologies by 3.5% during the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after purchasing an additional 150 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $83.73 on Friday. The business's 50 day simple moving average is $83.53 and its 200 day simple moving average is $74.41. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The stock has a market capitalization of $175.09 billion, a PE ratio of 14.66, a PEG ratio of 1.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Loop Capital reissued a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Bank of America boosted their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Raymond James Financial downgraded Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Finally, KeyCorp boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $94.39.

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.

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