Uber Technologies, Inc. $UBER Shares Bought by Colonial Trust Advisors

Colonial Trust Advisors raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 971.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,387 shares of the ride-sharing company’s stock after acquiring an additional 14,857 shares during the quarter. Colonial Trust Advisors’ holdings in Uber Technologies were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Clark Capital Management Group Inc. lifted its position in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock valued at $24,280,000 after acquiring an additional 399,008 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% during 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 during the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $1,875,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Uber Technologies during the first quarter valued at about $943,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.4%

NYSE:UBER opened at $93.89 on Tuesday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The firm has a market cap of $195.80 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $90.33 and its 200-day moving average is $82.27.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UBER. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Barclays restated an “overweight” rating and issued a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Royal Bank Of Canada upped their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Bank of America increased their target price on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Eleven analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.82.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

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.