Citizens Financial Group Inc. RI Has $354,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Citizens Financial Group Inc. RI raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.8% in the first quarter, Holdings Channel reports. The institutional investor owned 4,602 shares of the ride-sharing company’s stock after buying an additional 885 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Uber Technologies were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of UBER. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. J.Safra Asset Management Corp bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $32,000. YHB Investment Advisors Inc. bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $37,000. Highlander Capital Management LLC increased its position in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. Finally, Bfsg LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 3.3 %

NYSE:UBER opened at $58.99 on Friday. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The business’s 50-day moving average price is $68.37 and its two-hundred day moving average price is $70.92. The firm has a market capitalization of $123.26 billion, a price-to-earnings ratio of 95.15, a PEG ratio of 1.37 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the company earned ($0.08) earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of analyst reports. Wolfe Research initiated coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target on the stock. Wells Fargo & Company upped their price target on Uber Technologies from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. UBS Group lowered their price target 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. Wedbush reiterated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, Piper Sandler upped their price target on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.76.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 89,234 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, 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. Insiders sold 1,135,984 shares of company stock worth $78,213,297 over the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

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.