Uber Technologies, Inc. $UBER Shares Purchased by Grove Bank & Trust

Grove Bank & Trust boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,183 shares of the ride-sharing company’s stock after buying an additional 6,601 shares during the period. Grove Bank & Trust’s holdings in Uber Technologies were worth $1,977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies during the 1st quarter valued at about $2,207,743,000. Norges Bank acquired a new stake in Uber Technologies during the second quarter worth about $2,348,319,000. Kingstone Capital Partners Texas LLC raised its stake in Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the period. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Uber Technologies by 105.9% in the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after acquiring an additional 2,807,967 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on UBER. Mizuho started coverage on Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price on the stock. Piper Sandler set a $107.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada set a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, Morgan Stanley decreased their price objective on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Uber Technologies Stock Performance

NYSE:UBER opened at $81.83 on Tuesday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a fifty day simple moving average of $91.41 and a two-hundred day simple moving average of $91.79. 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 company has a market cap of $170.02 billion, a price-to-earnings ratio of 10.52 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the sale, the insider directly owned 174,135 shares in the company, valued at approximately $16,037,833.50. This trade represents a 1.76% 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, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 264,875 shares of company stock valued at $26,501,255 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

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.