Stock Yards Bank & Trust Co. Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Stock Yards Bank & Trust Co. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,530 shares of the ride-sharing company’s stock after acquiring an additional 300 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Uber Technologies were worth $257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moors & Cabot Inc. increased its stake in shares of Uber Technologies by 31.9% during the second quarter. Moors & Cabot Inc. now owns 86,792 shares of the ride-sharing company’s stock valued at $6,308,000 after buying an additional 21,015 shares during the period. Montag & Caldwell LLC purchased a new position in Uber Technologies during the 2nd quarter valued at about $9,459,000. Citizens Financial Group Inc. RI raised its holdings in shares of Uber Technologies by 2,129.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 102,609 shares of the ride-sharing company’s stock valued at $7,458,000 after purchasing an additional 98,007 shares in the last quarter. One Capital Management LLC lifted its position in shares of Uber Technologies by 26.2% in the 2nd quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock worth $254,000 after purchasing an additional 725 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its stake in shares of Uber Technologies by 278.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock valued at $3,275,000 after purchasing an additional 33,142 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $73.53 on Thursday. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market cap of $154.48 billion, a PE ratio of 118.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. The business has a 50-day simple moving average of $69.53 and a 200-day simple moving average of $70.79.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UBER. Roth Mkm boosted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. DA Davidson upped their price objective on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler raised their price objective on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Melius began coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Finally, Evercore ISI increased their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

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.