Wesbanco Bank Inc. Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Wesbanco Bank Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,078 shares of the ride-sharing company's stock after purchasing an additional 24,417 shares during the period. Wesbanco Bank Inc.'s holdings in Uber Technologies were worth $9,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $30,000. Highlander Capital Management LLC lifted its position in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. Bfsg LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company's stock worth $32,000 after buying an additional 174 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.78 during mid-day trading on Thursday, hitting $68.57. The stock had a trading volume of 18,138,437 shares, compared to its average volume of 19,764,033. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50 day moving average of $75.51 and a two-hundred day moving average of $64.96. Uber Technologies, Inc. has a twelve month low of $36.35 and a twelve month high of $82.14. The firm has a market cap of $142.72 billion, a PE ratio of 79.73, a PEG ratio of 1.04 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the prior year, the firm earned $0.29 EPS. The firm's revenue was up 15.4% on a year-over-year basis. Research analysts predict that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UBER shares. UBS Group boosted their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Gordon Haskett downgraded Uber Technologies from a "buy" rating to a "hold" rating and set a $66.00 target price on the stock. in a research report on Wednesday, January 24th. Jefferies Financial Group boosted their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $84.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Finally, TheStreet raised Uber Technologies from a "c" rating to a "b-" rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.39.

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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