Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by First Bank & Trust

First Bank & Trust increased its position in Uber Technologies, Inc. (NYSE:UBER) by 22.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,146 shares of the ride-sharing company’s stock after purchasing an additional 6,172 shares during the period. First Bank & Trust’s holdings in Uber Technologies were worth $2,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its position in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Uber Technologies in the fourth quarter worth $30,000. Highlander Capital Management LLC raised its position in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares in the last quarter. Bfsg LLC acquired a new stake in Uber Technologies in the fourth quarter worth approximately $31,000. Finally, Blue Bell Private Wealth Management LLC raised its position in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 3.3 %

Shares of NYSE:UBER traded up $2.34 during midday trading on Friday, reaching $72.68. 21,375,880 shares of the company were exchanged, compared to its average volume of 14,821,461. The firm has a market cap of $151.87 billion, a PE ratio of 117.23, a P/E/G ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The stock has a fifty day simple moving average of $67.90 and a two-hundred day simple moving average of $69.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available through this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 635,984 shares of company stock valued at $42,258,297. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UBER shares. DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Tigress Financial lifted their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Oppenheimer reissued an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, June 5th. Finally, Loop Capital cut their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.41.

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.