Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,690 shares of the ride-sharing company's stock after purchasing an additional 15,195 shares during the quarter. Wesbanco Bank Inc.'s holdings in Uber Technologies were worth $12,728,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UBER. Avion Wealth raised its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the period. Transce3nd LLC acquired a new stake in Uber Technologies during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the fourth quarter valued at $28,000. Finally, Perkins Coie Trust Co lifted its stake in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Loop Capital reissued a "buy" rating and set a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Citigroup lifted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, KeyCorp boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $93.91.

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Up 1.1%

Uber Technologies stock opened at $85.60 on Monday. The stock's fifty day moving average is $80.38 and its two-hundred day moving average is $73.51. The stock has a market cap of $179.00 billion, a PE ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year 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.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its 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 firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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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