Huntington National Bank Sells 775 Shares of Uber Technologies, Inc. $UBER

Huntington National Bank decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 4.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,606 shares of the ride-sharing company’s stock after selling 775 shares during the quarter. Huntington National Bank’s holdings in Uber Technologies were worth $1,456,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. West Oak Capital LLC bought a new position in Uber Technologies in the second quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the second quarter valued at about $30,000. Vision Financial Markets LLC bought a new position in Uber Technologies in the first quarter valued at about $27,000. Truvestments Capital LLC lifted its holdings in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC lifted its holdings in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 250 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Tuesday. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research note on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Piper Sandler set a $107.00 price objective on Uber Technologies in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Stock Down 2.0%

Shares of UBER opened at $92.75 on Thursday. The business’s 50 day moving average is $95.57 and its 200 day moving average is $90.94. The company has a market capitalization of $193.42 billion, a PE ratio of 11.92 and a beta of 1.46. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37.

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

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 604,946 shares of company stock worth $58,950,116 in the last three months. Corporate 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.