Philadelphia Trust Co. Grows Position in Uber Technologies, Inc. $UBER

Philadelphia Trust Co. boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 259,621 shares of the ride-sharing company’s stock after acquiring an additional 22,409 shares during the quarter. Uber Technologies makes up about 1.9% of Philadelphia Trust Co.’s portfolio, making the stock its 16th biggest position. Philadelphia Trust Co.’s holdings in Uber Technologies were worth $24,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UBER. Kilter Group LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $26,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Truvestments Capital LLC boosted its holdings in Uber Technologies by 498.5% during the 1st 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. Trust Co. of Toledo NA OH purchased a new position in Uber Technologies during the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies in the 1st quarter valued at $31,000. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a research report on Wednesday, November 5th. Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. BMO Capital Markets lowered their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Arete Research set a $125.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday. Finally, Truist Financial lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.19.

Uber Technologies Trading Up 3.5%

NYSE UBER opened at $90.61 on Thursday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $188.28 billion, a price-to-earnings ratio of 11.65 and a beta of 1.19. The company’s 50-day simple moving average is $93.07 and its two-hundred day simple moving average is $91.83.

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

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 567,625 shares of company stock worth $55,385,660 over the last 90 days. Company 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.