Sabal Trust CO Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Sabal Trust CO increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.6% in the second quarter, HoldingsChannel reports. The firm owned 14,774 shares of the ride-sharing company’s stock after buying an additional 2,099 shares during the period. Sabal Trust CO’s holdings in Uber Technologies were worth $1,074,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. boosted its stake in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $32,000. GW&K Investment Management LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth $33,000. Founders Capital Management purchased a new position in Uber Technologies during the 2nd quarter worth $33,000. Finally, Private Wealth Management Group LLC purchased a new position in Uber Technologies during the 4th quarter worth $36,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.2 %

UBER stock opened at $73.13 on Friday. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s fifty day moving average is $69.50 and its 200 day moving average is $71.47. The firm has a market cap of $153.64 billion, a PE ratio of 117.95, a P/E/G ratio of 1.32 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its 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 firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 1.05 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony West sold 28,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 617,234 shares of company stock valued at $44,017,734. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBER. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Citigroup increased their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price on the stock. Melius assumed coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.50.

About Uber Technologies

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.