Trust Co. of Vermont Buys 1,158 Shares of Uber Technologies, Inc. $UBER

Trust Co. of Vermont lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 315.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,525 shares of the ride-sharing company’s stock after acquiring an additional 1,158 shares during the quarter. Trust Co. of Vermont’s holdings in Uber Technologies were worth $142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC purchased a new stake in shares of Uber Technologies during the second quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $96.51 on Friday. The company has a 50-day simple moving average of $93.83 and a two-hundred day simple moving average of $86.87. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The firm has a market cap of $201.27 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Sanford C. Bernstein boosted their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Royal Bank Of Canada raised their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Piper Sandler lifted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $104.09.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 604,571 shares of company stock valued at $58,920,741. Insiders own 3.84% of the company’s stock.

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.