Uber Technologies, Inc. (NYSE:UBER) Position Increased by Farmers Trust Co.

Farmers Trust Co. lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,524 shares of the ride-sharing company’s stock after acquiring an additional 469 shares during the quarter. Farmers Trust Co.’s holdings in Uber Technologies were worth $3,346,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC boosted its position in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the period. J.Safra Asset Management Corp purchased a new position in Uber Technologies during the 1st quarter valued at about $32,000. Finally, MCF Advisors LLC increased its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. DA Davidson boosted their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Finally, Morgan Stanley upped their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.81.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated 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 owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on 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 directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Up 0.1 %

Shares of UBER opened at $72.95 on Friday. The company has a market capitalization of $152.43 billion, a P/E ratio of 117.66, a PEG ratio of 1.32 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The business’s 50 day simple moving average is $70.82 and its 200-day simple moving average is $70.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 1.04 EPS for the current fiscal year.

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.