Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,903 shares of the ride-sharing company’s stock after buying an additional 193 shares during the quarter. BTC Capital Management Inc.’s holdings in Uber Technologies were worth $597,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. CENTRAL TRUST Co increased its position in shares of Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after acquiring an additional 127 shares in the last quarter. Procyon Advisors LLC grew its position in Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after purchasing an additional 131 shares in the last quarter. DT Investment Partners LLC raised its stake in Uber Technologies by 21.4% during the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after purchasing an additional 145 shares during the period. Jmac Enterprises LLC lifted its holdings in shares of Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after purchasing an additional 150 shares in the last quarter. Finally, Canopy Partners LLC grew its holdings in shares of Uber Technologies by 2.2% during the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after buying an additional 151 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Loop Capital increased their price objective on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Bank of America raised their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Jefferies Financial Group lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.08.

Uber Technologies Stock Up 0.4 %

UBER opened at $66.86 on Friday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The business has a 50 day moving average of $65.71 and a 200-day moving average of $70.14. The stock has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (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 company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $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 SEC, which is available through this hyperlink. 3.84% of the stock is owned by corporate insiders.

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.