Private Trust Co. NA Buys 4,808 Shares of Uber Technologies, Inc. $UBER

Key Points

• Private Trust Co. NA has increased its stake in Uber Technologies, acquiring an additional 4,808 shares for a total of 32,404 shares, valued at approximately $3,023,000.
• Recent institutional investor activities indicate heightened interest in Uber, with notable increases in holdings by firms such as Revolve Wealth Partners LLC, which grew its stake by 65.0%.
• Uber reported strong quarterly earnings with a net margin of 26.68% and a revenue increase of 18.2% compared to the same quarter last year.

Private Trust Co. NA grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,404 shares of the ride-sharing company's stock after purchasing an additional 4,808 shares during the quarter. Private Trust Co. NA's holdings in Uber Technologies were worth $3,023,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UBER. Brighton Jones LLC raised its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the period. Bison Wealth LLC grew its position in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after buying an additional 641 shares during the period. GAMMA Investing LLC grew its position in shares of Uber Technologies by 319.6% in the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company's stock worth $1,658,000 after buying an additional 17,330 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Uber Technologies by 44.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 217,196 shares of the ride-sharing company's stock worth $15,825,000 after buying an additional 66,783 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $92.47 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company's 50-day moving average is $95.17 and its 200 day moving average is $88.37. The company has a market capitalization of $192.84 billion, a price-to-earnings ratio of 15.75 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 (NYSE:UBER - Get Free Report) last announced 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 firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Mizuho initiated coverage on shares of Uber Technologies in a research report on Monday, September 29th. They issued an "outperform" rating and a $130.00 target price on the stock. Piper Sandler upped their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Wedbush reduced their target price on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $105.68.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated 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 sale, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is owned by corporate 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.

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