Fifth Third Bancorp Has $11.36 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Fifth Third Bancorp boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 87.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 188,403 shares of the ride-sharing company’s stock after buying an additional 87,647 shares during the quarter. Fifth Third Bancorp’s holdings in Uber Technologies were worth $11,364,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ascent Wealth Partners LLC acquired a new position in Uber Technologies in the third quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management bought a new stake in shares of Uber Technologies during the 3rd quarter valued at about $2,302,000. Polianta Ltd acquired a new stake in Uber Technologies during the fourth quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in Uber Technologies in the third quarter worth approximately $1,041,000. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on UBER shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 18th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $68.59 on Friday. The business’s 50 day simple moving average is $65.86 and its 200 day simple moving average is $70.25. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market cap of $144.42 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.86 EPS for the current year.

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.