Uber Technologies, Inc. $UBER Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266,347 shares of the ride-sharing company’s stock after selling 1,353 shares during the quarter. Uber Technologies accounts for about 0.9% of WASHINGTON TRUST Co’s investment portfolio, making the stock its 27th biggest position. WASHINGTON TRUST Co’s holdings in Uber Technologies were worth $24,850,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC acquired a new position in Uber Technologies during the 2nd quarter worth $28,000. Truvestments Capital LLC grew its stake in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies during the second quarter valued at $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the first quarter valued at about $31,000. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction 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 directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 604,946 shares of company stock valued at $58,950,116. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of UBER traded up $0.11 during trading hours on Thursday, hitting $93.68. The company had a trading volume of 1,848,544 shares, compared to its average volume of 20,546,229. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market cap of $194.65 billion, a price-to-earnings ratio of 12.03 and a beta of 1.46. The business has a fifty day moving average of $95.50 and a 200-day moving average of $91.56. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Sanford C. Bernstein raised their target price on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Susquehanna reissued a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Barclays lowered their price target on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Mizuho initiated coverage on shares of Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $108.26.

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.