Farmers Trust Co. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Farmers Trust Co. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 49.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,840 shares of the ride-sharing company’s stock after purchasing an additional 22,517 shares during the period. Farmers Trust Co.’s holdings in Uber Technologies were worth $4,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in UBER. Brighton Jones LLC grew its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. R Squared Ltd purchased a new position in Uber Technologies in the fourth quarter worth approximately $89,000. Hantz Financial Services Inc. grew its position in Uber Technologies by 3.8% in the fourth quarter. Hantz Financial Services Inc. now owns 60,033 shares of the ride-sharing company’s stock worth $3,621,000 after acquiring an additional 2,210 shares during the period. Finally, Swedbank AB grew its position in Uber Technologies by 9.0% in the fourth quarter. Swedbank AB now owns 1,103,161 shares of the ride-sharing company’s stock worth $66,543,000 after acquiring an additional 91,274 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. DA Davidson increased their price objective on Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. KGI Securities restated a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. Finally, Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.91.

Uber Technologies Stock Performance

Shares of UBER stock opened at $84.30 on Friday. The stock’s 50-day moving average is $79.17 and its two-hundred day moving average is $72.92. The firm has a market cap of $176.29 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.32) earnings per share. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.