M&T Bank Corp Has $27.26 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

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

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies during the 4th quarter valued at $395,000. Proficio Capital Partners LLC lifted its holdings in Uber Technologies by 3.2% during the 4th quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock valued at $4,259,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Uber Technologies by 121.5% during the 4th quarter. Edgestream Partners L.P. now owns 22,395 shares of the ride-sharing company's stock valued at $1,351,000 after purchasing an additional 12,283 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer directly owned 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company'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 owned 102,135 shares in the company, 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. Corporate insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UBER. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays lifted their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.97.

Uber Technologies Trading Down 1.0%

Shares of NYSE:UBER traded down $0.96 during midday trading on Wednesday, hitting $96.52. 14,837,383 shares of the stock were exchanged, compared to its average volume of 21,209,925. The stock has a market capitalization of $201.84 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50-day moving average price is $87.63 and its 200 day moving average price is $76.92. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.90.

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

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.