Inspire Trust Co. N.A. Has $3.79 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Inspire Trust Co. N.A. increased its holdings in Uber Technologies by 10.6%, owning 52,000 shares worth approximately $3.79 million following the purchase of an additional 5,000 shares in the first quarter.
• Uber's recent quarterly earnings report showed $0.63 earnings per share, exceeding the consensus estimate of $0.61, with revenue reaching $12.65 billion, up 18.2% year-over-year.
• Analysts have generally rated Uber positively, with 29 buy ratings and a consensus price target of $102.82 for the stock, indicating a potential upside.

Inspire Trust Co. N.A. raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,000 shares of the ride-sharing company's stock after buying an additional 5,000 shares during the quarter. Inspire Trust Co. N.A.'s holdings in Uber Technologies were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its stake in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its stake 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 valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies in the fourth quarter valued at about $395,000. Townsquare Capital LLC lifted its stake in Uber Technologies by 17.5% in the fourth quarter. Townsquare Capital LLC now owns 33,001 shares of the ride-sharing company's stock valued at $1,991,000 after buying an additional 4,908 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $433,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 0.8%

Shares of UBER stock opened at $90.97 on Thursday. The stock has a market cap of $189.71 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.05 and a beta of 1.43. The stock has a 50-day moving average of $89.92 and a 200-day moving average of $81.54. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business's quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UBER. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Roth Capital raised their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group raised their price target on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus raised their price target on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Eleven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $102.82.

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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