UMB Bank n.a. Acquires 3,073 Shares of Uber Technologies, Inc. (NYSE:UBER)

UMB Bank n.a. raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,210 shares of the ride-sharing company's stock after buying an additional 3,073 shares during the quarter. UMB Bank n.a.'s holdings in Uber Technologies were worth $890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedmont Private Capital grew its stake in shares of Uber Technologies by 17.5% during the 1st quarter. Wedmont Private Capital now owns 24,161 shares of the ride-sharing company's stock worth $1,746,000 after acquiring an additional 3,603 shares in the last quarter. Orrstown Financial Services Inc. bought a new stake in Uber Technologies during the 1st quarter worth about $234,000. Sivia Capital Partners LLC grew its holdings in shares of Uber Technologies by 26.2% in the 1st quarter. Sivia Capital Partners LLC now owns 5,319 shares of the ride-sharing company's stock valued at $388,000 after acquiring an additional 1,103 shares in the last quarter. Perkins Coie Trust Co increased its position in shares of Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in Uber Technologies during the first quarter worth about $51,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Citigroup upped their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Truist Financial boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Price Performance

NYSE:UBER traded down $0.69 during trading hours on Tuesday, hitting $86.43. The company's stock had a trading volume of 24,451,132 shares, compared to its average volume of 20,763,572. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a fifty day simple moving average of $80.63 and a 200-day simple moving average of $73.62. The company has a market capitalization of $180.73 billion, a P/E ratio of 18.95, a PEG ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted ($0.32) EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.