Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Fiduciary Trust Co

Fiduciary Trust Co lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.2% during the third quarter, HoldingsChannel reports. The fund owned 4,730 shares of the ride-sharing company’s stock after acquiring an additional 319 shares during the quarter. Fiduciary Trust Co’s holdings in Uber Technologies were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its position in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC boosted its stake in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares in the last quarter. MCF Advisors LLC grew its holdings in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the period. Founders Capital Management purchased a new position in Uber Technologies in the second quarter worth $33,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Uber Technologies in the second quarter valued at $36,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $71.96 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $151.53 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a 50 day moving average price of $75.34 and a 200 day moving average price of $71.29.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Finally, DA Davidson boosted their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.

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.