Fulton Bank N.A. Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Fulton Bank N.A. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,889 shares of the ride-sharing company’s stock after purchasing an additional 566 shares during the quarter. Fulton Bank N.A.’s holdings in Uber Technologies were worth $864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the period. Capital World Investors grew its holdings in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the last quarter. Capital Research Global Investors raised its position in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares during the last quarter. Finally, Norges Bank bought a new stake in Uber Technologies in the fourth quarter worth about $1,415,778,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. Citigroup increased their price target on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. UBS Group decreased their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. JMP Securities reissued a “market outperform” rating and issued a $75.00 price objective on shares of Uber Technologies in a research report on Tuesday, July 30th. Finally, Loop Capital reduced their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Four research 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, the company 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 Uber Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the sale, the insider now owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,135,984 shares of company stock valued at $78,213,297. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 10.9 %

NYSE:UBER traded up $6.36 during mid-day trading on Tuesday, hitting $64.84. 53,302,297 shares of the company’s stock traded hands, compared to its average volume of 19,221,721. The company has a fifty day moving average of $68.25 and a 200 day moving average of $70.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a market capitalization of $135.48 billion, a P/E ratio of 104.58, a P/E/G ratio of 1.32 and a beta of 1.36.

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

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.