Blue Trust Inc. Has $649,000 Stake in Uber Technologies, Inc. $UBER

Blue Trust Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 73.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,623 shares of the ride-sharing company’s stock after selling 17,898 shares during the quarter. Blue Trust Inc.’s holdings in Uber Technologies were worth $649,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kilter Group LLC acquired a new stake in Uber Technologies in the second quarter worth about $26,000. West Oak Capital LLC bought a new position in shares of Uber Technologies in the 2nd quarter valued at about $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $30,000. Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the first quarter worth approximately $31,000. Finally, Nova Wealth Management Inc. lifted its holdings in Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 125 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on UBER shares. Piper Sandler set a $107.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Mizuho began coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective for the company. Stifel Nicolaus set a $122.00 price objective on Uber Technologies in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a report on Monday, December 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.43.

Uber Technologies Price Performance

NYSE:UBER opened at $81.23 on Monday. The company has a market cap of $168.78 billion, a P/E ratio of 10.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a one year low of $60.02 and a one year high of $101.99. The firm’s fifty day moving average price is $88.82 and its two-hundred day moving average price is $91.51.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the sale, the insider owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This trade represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,875 shares of company stock worth $1,348,818 in the last quarter. Company insiders own 3.70% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.