First Horizon Advisors Inc. Grows Position in Uber Technologies, Inc. $UBER

First Horizon Advisors Inc. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 33.2% in the second quarter, Holdings Channel.com reports. The fund owned 9,647 shares of the ride-sharing company’s stock after purchasing an additional 2,404 shares during the period. First Horizon Advisors Inc.’s holdings in Uber Technologies were worth $900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hilltop National Bank bought a new stake in shares of Uber Technologies in the 2nd quarter worth about $96,000. American Capital Advisory LLC lifted its holdings in shares of Uber Technologies by 47.8% in the 2nd quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock valued at $1,213,000 after acquiring an additional 4,204 shares during the last quarter. Teacher Retirement System of Texas grew its position in Uber Technologies by 50.2% in the second quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after acquiring an additional 183,085 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after acquiring an additional 91,362 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock valued at $70,822,000 after purchasing an additional 226,960 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.5%

Shares of UBER opened at $92.33 on Friday. The firm has a fifty day moving average price of $95.50 and a 200-day moving average price of $90.95. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $192.55 billion, a P/E ratio of 11.87 and a beta of 1.46. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

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

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Susquehanna reiterated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Mizuho initiated coverage on shares of Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price on the stock. KeyCorp raised their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Finally, Raymond James Financial lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 604,946 shares of company stock valued at $58,950,116. Insiders own 3.84% of the company’s stock.

Uber Technologies 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.