Blue Trust Inc. Raises Position in Uber Technologies, Inc. (NYSE:UBER)

Blue Trust Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 206.1% in the second quarter, Holdings Channel reports. The fund owned 14,493 shares of the ride-sharing company’s stock after buying an additional 9,759 shares during the period. Blue Trust Inc.’s holdings in Uber Technologies were worth $1,116,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its holdings 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 valued at $29,000 after purchasing an additional 202 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in Uber Technologies in the 1st quarter valued at approximately $32,000. Founders Capital Management purchased a new position in Uber Technologies in the 2nd quarter valued at approximately $33,000. YHB Investment Advisors Inc. purchased a new position in Uber Technologies in the 1st quarter valued at approximately $37,000. Finally, Bfsg LLC purchased a new position in Uber Technologies in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.69 during trading on Friday, reaching $72.04. The stock had a trading volume of 11,548,276 shares, compared to its average volume of 19,071,258. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The firm has a market capitalization of $151.35 billion, a price-to-earnings ratio of 116.19, a P/E/G ratio of 1.30 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $68.96 and a two-hundred day simple moving average of $71.16.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Wolfe Research initiated coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective for the company. DA Davidson lifted their price objective on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $91.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price objective 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 have assigned a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $87.47.

Insider Buying and Selling

In related news, insider Tony West sold 89,234 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 89,234 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares in the company, valued at approximately $8,518,750.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 617,234 shares of company stock valued at $44,017,734. 3.84% of the stock is owned by company insiders.

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.