Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 44.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,315 shares of the ride-sharing company's stock after acquiring an additional 30,421 shares during the quarter. Fifth Third Bancorp's holdings in Uber Technologies were worth $7,646,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in Uber Technologies by 19.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 219,766 shares of the ride-sharing company's stock valued at $10,107,000 after purchasing an additional 36,163 shares during the period. Pinnacle Associates Ltd. boosted its position in Uber Technologies by 29.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 40,422 shares of the ride-sharing company's stock valued at $1,859,000 after purchasing an additional 9,200 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Uber Technologies by 12.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 456,422 shares of the ride-sharing company's stock valued at $20,991,000 after purchasing an additional 52,324 shares during the period. Stratos Wealth Partners LTD. boosted its position in Uber Technologies by 22.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 63,309 shares of the ride-sharing company's stock valued at $2,912,000 after purchasing an additional 11,715 shares during the period. Finally, Independent Advisor Alliance boosted its position in Uber Technologies by 8.1% during the 3rd quarter. Independent Advisor Alliance now owns 29,438 shares of the ride-sharing company's stock valued at $1,354,000 after purchasing an additional 2,198 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

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

Uber Technologies Price Performance

Shares of UBER stock traded up $0.66 during trading hours on Friday, hitting $69.23. The company had a trading volume of 15,557,671 shares, compared to its average volume of 18,839,496. 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 firm has a market capitalization of $144.09 billion, a price-to-earnings ratio of 80.50, a PEG ratio of 1.08 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $36.69 and a 12 month high of $82.14. The firm's fifty day moving average is $75.33 and its 200 day moving average is $65.27.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Argus boosted their price objective on Uber Technologies from $69.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Piper Sandler boosted their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, March 15th. UBS Group boosted their price objective on Uber Technologies from $94.00 to $96.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Moffett Nathanson reissued a "buy" rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Finally, BMO Capital Markets boosted their price objective on Uber Technologies from $82.00 to $92.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.65.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.