First Bank & Trust Has $2.10 Million Position in Uber Technologies, Inc. (NYSE:UBER)

First Bank & Trust lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,766 shares of the ride-sharing company’s stock after selling 4,545 shares during the quarter. First Bank & Trust’s holdings in Uber Technologies were worth $2,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Ascent Wealth Partners LLC bought a new stake in Uber Technologies in the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management bought a new stake in Uber Technologies in the third quarter valued at approximately $2,302,000. Polianta Ltd bought a new stake in Uber Technologies in the fourth quarter valued at approximately $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in Uber Technologies in the third quarter valued at approximately $1,041,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.4 %

Shares of Uber Technologies stock opened at $81.17 on Thursday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a market cap of $169.57 billion, a PE ratio of 17.80, a P/E/G ratio of 0.89 and a beta of 1.39. The stock has a fifty day moving average price of $67.27 and a 200-day moving average price of $71.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on UBER. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup cut their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. cut their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.91.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

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.