Sabal Trust CO Makes New $639,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Posted by MarketBeat News on Sep 30th, 2023

Sabal Trust CO acquired a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 14,807 shares of the ride-sharing company’s stock, valued at approximately $639,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. boosted its holdings in Uber Technologies by 133.8% in the second quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Pacifica Partners Inc. bought a new stake in Uber Technologies in the second quarter valued at $34,000. Pinnacle Bancorp Inc. bought a new stake in Uber Technologies in the first quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC lifted its stake in Uber Technologies by 89.3% in the first quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 400 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in Uber Technologies in the first quarter valued at $32,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

Uber Technologies Stock Down 0.3 %

Shares of UBER stock opened at $46.00 on Friday. Uber Technologies, Inc. has a 12 month low of $22.94 and a 12 month high of $49.49. The firm has a market cap of $94.00 billion, a PE ratio of -209.08 and a beta of 1.23. The stock has a 50 day moving average of $45.95 and a 200-day moving average of $40.47. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.98.

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Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.19. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.34 billion. Uber Technologies had a negative return on equity of 4.57% and a negative net margin of 1.07%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.33) earnings per share. On average, equities analysts predict that Uber Technologies, Inc. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of Uber Technologies from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. BTIG Research boosted their price target on shares of Uber Technologies from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Jefferies Financial Group boosted their price target on shares of Uber Technologies from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Truist Financial dropped their price target on Uber Technologies from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of Uber Technologies in a research note on Wednesday. Thirty-one equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $56.00.

Get Our Latest Analysis on UBER

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 100,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $47.51, for a total value of $4,751,000.00. Following the sale, the chief executive officer now directly owns 1,316,243 shares in the company, valued at $62,534,704.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Uber Technologies Profile

(Free Report)

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.

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