M&T Bank Corp Acquires 221,396 Shares of Uber Technologies, Inc. (NYSE:UBER)

M&T Bank Corp boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 144.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 374,161 shares of the ride-sharing company's stock after buying an additional 221,396 shares during the period. M&T Bank Corp's holdings in Uber Technologies were worth $27,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBER. Stratos Wealth Partners LTD. raised its position in Uber Technologies by 3.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 76,206 shares of the ride-sharing company's stock worth $5,552,000 after purchasing an additional 2,454 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of Uber Technologies by 42.9% in the first quarter. Stratos Wealth Advisors LLC now owns 11,935 shares of the ride-sharing company's stock worth $870,000 after buying an additional 3,582 shares in the last quarter. Stratos Investment Management LLC raised its holdings in shares of Uber Technologies by 140.8% during the first quarter. Stratos Investment Management LLC now owns 133,329 shares of the ride-sharing company's stock valued at $9,714,000 after purchasing an additional 77,970 shares during the last quarter. Blackhawk Capital Partners LLC. purchased a new position in shares of Uber Technologies during the first quarter valued at approximately $2,125,000. Finally, NTV Asset Management LLC increased its holdings in Uber Technologies by 27.6% during the first quarter. NTV Asset Management LLC now owns 18,987 shares of the ride-sharing company's stock valued at $1,383,000 after buying an additional 4,109 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, May 7th. Wells Fargo & Company raised their price target on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday. Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Stifel Nicolaus started coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $95.97.

Uber Technologies Stock Up 0.1%

NYSE UBER traded up $0.06 during mid-day trading on Thursday, hitting $96.70. The company's stock had a trading volume of 6,576,128 shares, compared to its average volume of 21,203,151. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $202.21 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.24 and a beta of 1.40. The company's 50 day simple moving average is $87.94 and its 200 day simple moving average is $77.06. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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 net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the firm earned ($0.32) earnings per share. The company's revenue was up 13.8% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the 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 completion of the sale, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were 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 of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is owned by insiders.

Uber Technologies 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.