First Bank & Trust Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

First Bank & Trust grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.1% in the first quarter, HoldingsChannel reports. The fund owned 38,634 shares of the ride-sharing company’s stock after purchasing an additional 3,868 shares during the quarter. First Bank & Trust’s holdings in Uber Technologies were worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Research Global Investors grew its position in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Norges Bank bought a new stake in Uber Technologies in the fourth quarter worth $1,467,754,000. Boston Partners bought a new position in Uber Technologies during the 4th quarter valued at about $381,057,000. Toyota Motor Corp purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Uber Technologies during the fourth quarter worth $298,644,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Bank of America lifted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Raymond James Financial lowered Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, June 18th. Finally, Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a “buy” rating in a report on Friday, May 23rd. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $94.85.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer directly owned 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

UBER opened at $92.22 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. The firm has a 50 day moving average of $85.92 and a two-hundred day moving average of $75.75. The firm has a market capitalization of $192.85 billion, a PE ratio of 16.15, a P/E/G ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the company posted ($0.32) earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.