Grove Bank & Trust Buys 3,009 Shares of Uber Technologies, Inc. (NYSE:UBER)

Grove Bank & Trust increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 58.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,184 shares of the ride-sharing company’s stock after buying an additional 3,009 shares during the period. Grove Bank & Trust’s holdings in Uber Technologies were worth $615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital Research Global Investors raised its holdings in Uber Technologies by 8.2% during the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 valued at $2,804,437,000 after buying an additional 9,996,508 shares in the last quarter. GQG Partners LLC grew its holdings in shares of Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after buying an additional 9,541,366 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Uber Technologies by 1.6% during the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after acquiring an additional 237,976 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. Wolfe Research initiated coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target for the company. Melius initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Roth Mkm increased their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Piper Sandler lifted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Finally, Evercore ISI increased their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.11.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $84.96 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $87.00. The business’s 50 day simple moving average is $73.18 and its two-hundred day simple moving average is $70.51. The stock has a market capitalization of $177.53 billion, a P/E ratio of 137.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. Analysts forecast that Uber Technologies, Inc. will post 1.08 EPS for the current year.

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.