Hancock Whitney Corp Raises Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Hancock Whitney Corp increased its stake in Uber Technologies by 19.2%, owning 183,735 shares valued at around $13.4 million.
• Uber reported earnings per share (EPS) of $0.63 for the last quarter, surpassing expectations and marking a revenue increase of 18.2% year-over-year.
• Institutional investors own 80.24% of Uber's stock, indicating significant institutional confidence in the company's performance.

Hancock Whitney Corp grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,735 shares of the ride-sharing company's stock after acquiring an additional 29,608 shares during the period. Hancock Whitney Corp's holdings in Uber Technologies were worth $13,387,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $27,000. Kozak & Associates Inc. raised its position in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC bought a new position in Uber Technologies in the first quarter worth approximately $27,000. Vision Financial Markets LLC bought a new position in Uber Technologies in the first quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC raised its position in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was 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 $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,696 shares of company stock valued at $4,632,774. Corporate insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UBER. Morgan Stanley restated an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Canaccord Genuity Group restated a "hold" rating and set a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Roth Capital raised their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Bank of America raised their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price objective on shares of Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $103.06.

Uber Technologies Price Performance

NYSE UBER traded down $1.09 on Friday, reaching $90.89. The company had a trading volume of 20,364,649 shares, compared to its average volume of 14,781,707. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $189.54 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The firm's 50 day moving average price is $92.42 and its 200 day moving average price is $84.01. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71.

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 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%. Uber Technologies's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.