9,482 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Bangor Savings Bank

Bangor Savings Bank acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,482 shares of the ride-sharing company’s stock, valued at approximately $572,000.

Several other hedge funds also recently added to or reduced their stakes in UBER. Strategic Financial Concepts LLC purchased a new position in shares of Uber Technologies during the second quarter worth approximately $814,000. Chris Bulman Inc acquired a new stake in Uber Technologies in the second quarter worth about $114,000. HCR Wealth Advisors acquired a new position in Uber Technologies during the 2nd quarter valued at approximately $228,000. Prudential PLC increased its position in shares of Uber Technologies by 33.5% in the 2nd quarter. Prudential PLC now owns 181,074 shares of the ride-sharing company’s stock valued at $13,160,000 after acquiring an additional 45,434 shares during the period. Finally, Wedbush Securities Inc. raised its stake in shares of Uber Technologies by 3.8% in the second quarter. Wedbush Securities Inc. now owns 65,539 shares of the ride-sharing company’s stock worth $4,763,000 after purchasing an additional 2,392 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. KeyCorp lowered their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Truist Financial dropped their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Trading Up 2.5 %

NYSE UBER opened at $66.23 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $139.46 billion, a P/E ratio of 32.95, a PEG ratio of 0.75 and a beta of 1.36. The firm’s 50-day moving average is $67.98 and its two-hundred day moving average is $70.69. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.89 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.