Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Hancock Whitney Corp

Hancock Whitney Corp increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,721 shares of the ride-sharing company’s stock after acquiring an additional 3,971 shares during the quarter. Hancock Whitney Corp’s holdings in Uber Technologies were worth $14,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aptus Capital Advisors LLC raised its position in Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares during the last quarter. US Bancorp DE boosted its position in Uber Technologies by 2.5% during the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after purchasing an additional 24,059 shares in the last quarter. Brookstone Capital Management grew its stake in Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after acquiring an additional 25,814 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Uber Technologies by 26.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after purchasing an additional 8,614 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Uber Technologies by 70.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock worth $959,000 after acquiring an additional 6,426 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 1.8 %

UBER opened at $73.94 on Friday. The company has a market capitalization of $154.50 billion, a P/E ratio of 119.26, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s fifty day moving average price is $69.60 and its two-hundred day moving average price is $70.77. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the topic of a number of analyst reports. Citigroup raised their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group upped their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $87.60.

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.