WASHINGTON TRUST Co Buys 6,283 Shares of Uber Technologies, Inc. (NYSE:UBER)

WASHINGTON TRUST Co increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,700 shares of the ride-sharing company's stock after acquiring an additional 6,283 shares during the quarter. WASHINGTON TRUST Co's holdings in Uber Technologies were worth $19,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the 4th quarter valued at $27,000. Kozak & Associates Inc. grew its holdings in Uber Technologies by 155.9% in the 1st 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 last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies in the 1st quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies during the fourth quarter valued at about $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a report on Friday. Twelve investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

NYSE UBER opened at $91.54 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $94.38. The stock has a market cap of $191.43 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.16 and a beta of 1.38. The company's 50 day moving average is $85.16 and its two-hundred day moving average is $75.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm earned ($0.32) EPS. The company's revenue was up 13.8% on a year-over-year basis. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies Company 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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