Massmutual Trust Co. FSB ADV Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Massmutual Trust Co. FSB ADV boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 31.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,567 shares of the ride-sharing company’s stock after buying an additional 1,583 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Uber Technologies were worth $506,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Uber Technologies by 15.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 63,059 shares of the ride-sharing company’s stock valued at $2,900,000 after purchasing an additional 8,202 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Uber Technologies by 15.0% during the 3rd quarter. Acadian Asset Management LLC now owns 31,891 shares of the ride-sharing company’s stock valued at $1,464,000 after purchasing an additional 4,168 shares during the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Uber Technologies by 62.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 7,846 shares of the ride-sharing company’s stock worth $361,000 after purchasing an additional 3,009 shares in the last quarter. LPL Financial LLC raised its stake in shares of Uber Technologies by 34.8% in the third quarter. LPL Financial LLC now owns 1,163,305 shares of the ride-sharing company’s stock worth $53,480,000 after purchasing an additional 300,184 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Uber Technologies by 3.1% during the third quarter. Stifel Financial Corp now owns 2,027,057 shares of the ride-sharing company’s stock valued at $93,225,000 after purchasing an additional 61,552 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $70.33 on Friday. The business’s 50 day moving average is $68.09 and its 200 day moving average is $69.28. The stock has a market cap of $146.96 billion, a P/E ratio of 113.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UBER. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Thursday, April 11th. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Tuesday, May 28th. Citigroup raised their target price on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Tigress Financial increased their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.47.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 635,984 shares of company stock worth $42,258,297. Corporate insiders own 3.84% of the company’s stock.

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.