Moody National Bank Trust Division Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Moody National Bank Trust Division raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,098 shares of the ride-sharing company’s stock after acquiring an additional 243 shares during the quarter. Moody National Bank Trust Division’s holdings in Uber Technologies were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its stake in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in Uber Technologies in the first quarter valued at approximately $32,000. YHB Investment Advisors Inc. purchased a new position in Uber Technologies during the 1st quarter worth approximately $37,000. Highlander Capital Management LLC lifted its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Finally, Bfsg LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $31,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 0.8 %

Shares of NYSE UBER traded down $0.48 during mid-day trading on Monday, reaching $58.51. 32,014,192 shares of the company’s stock were exchanged, compared to its average volume of 18,992,770. The company’s 50-day moving average is $68.37 and its 200-day moving average is $71.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $122.26 billion, a price-to-earnings ratio of 91.63, a PEG ratio of 1.32 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the previous year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UBER. Piper Sandler boosted their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Bank of America lowered their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. UBS Group lowered their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Wolfe Research started coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price for the company. Finally, Jefferies Financial Group lowered their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.76.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,135,984 shares of company stock valued at $78,213,297. Insiders own 3.84% of the company’s stock.

Uber Technologies 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.