CENTRAL TRUST Co Purchases 7,525 Shares of Uber Technologies, Inc. $UBER

CENTRAL TRUST Co lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 56.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,874 shares of the ride-sharing company’s stock after acquiring an additional 7,525 shares during the period. CENTRAL TRUST Co’s holdings in Uber Technologies were worth $1,948,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its position in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares during the period. Bleakley Financial Group LLC boosted its stake in Uber Technologies by 30.1% during the first quarter. Bleakley Financial Group LLC now owns 45,464 shares of the ride-sharing company’s stock worth $3,313,000 after acquiring an additional 10,528 shares in the last quarter. Finally, Florida Financial Advisors LLC purchased a new stake in Uber Technologies in the first quarter worth about $239,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Mizuho initiated coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Sanford C. Bernstein lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a research note on Wednesday, November 5th. Finally, Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Price Performance

NYSE UBER opened at $93.59 on Wednesday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The stock has a 50-day moving average of $95.48 and a 200 day moving average of $91.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $194.47 billion, a price-to-earnings ratio of 12.03 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Monday, October 20th. The stock was sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the sale, the insider directly owned 172,846 shares of the company’s stock, valued at $16,074,678. The trade was a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 604,946 shares of company stock valued at $58,950,116 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

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.