Whittier Trust Co. Sells 1,723 Shares of Uber Technologies, Inc. (NYSE:UBER)

Whittier Trust Co. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 11.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,308 shares of the ride-sharing company’s stock after selling 1,723 shares during the period. Whittier Trust Co.’s holdings in Uber Technologies were worth $967,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the last quarter. Capital World Investors lifted its position in Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the last quarter. Capital Research Global Investors grew its stake in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $1,415,778,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. TD Cowen increased their target price on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Wolfe Research started coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Tuesday, July 30th. Jefferies Financial Group reduced their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Loop Capital lowered their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $87.50.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the transaction, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders have sold 617,234 shares of company stock valued at $44,017,734 in the last three months. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Uber Technologies stock opened at $72.25 on Friday. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The stock’s 50 day simple moving average is $69.44 and its two-hundred day simple moving average is $71.43. 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 stock has a market cap of $151.78 billion, a price-to-earnings ratio of 116.52, a PEG ratio of 1.31 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Uber Technologies 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.