Legacy Private Trust Co. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,790 shares of the ride-sharing company's stock after buying an additional 10,812 shares during the quarter. Legacy Private Trust Co.'s holdings in Uber Technologies were worth $4,739,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of 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 acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Uber Technologies in the 4th quarter valued at $395,000. Bison Wealth LLC raised its holdings in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after acquiring an additional 641 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its holdings in shares of Uber Technologies by 52.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 76,618 shares of the ride-sharing company's stock valued at $4,622,000 after acquiring an additional 26,197 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on UBER. Cowen restated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Wedbush lowered their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Raymond James Financial boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.06.
View Our Latest Analysis on Uber Technologies
Insider Activity
In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business'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 completion of the sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock valued at $4,632,774 over the last ninety days. 3.70% of the stock is owned by corporate insiders.
Uber Technologies Price Performance
NYSE UBER opened at $95.90 on Monday. The company has a market capitalization of $199.99 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.10 and a beta of 1.43. The stock has a 50-day moving average of $92.62 and a 200 day moving average of $84.71. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. 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 posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The company 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 firm's revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.
Uber Technologies Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).
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