FineMark National Bank & Trust Sells 1,084 Shares of Uber Technologies, Inc. (NYSE:UBER)

FineMark National Bank & Trust reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,266 shares of the ride-sharing company’s stock after selling 1,084 shares during the quarter. FineMark National Bank & Trust’s holdings in Uber Technologies were worth $1,125,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 560 shares during the period. CVA Family Office LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $30,000. Highlander Capital Management LLC raised its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. Bfsg LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $31,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Tigress Financial raised their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research note on Thursday, May 16th. TD Cowen reduced their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Finally, Susquehanna boosted their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.0 %

Shares of NYSE:UBER traded up $0.66 during trading hours on Friday, hitting $64.26. The company’s stock had a trading volume of 10,385,892 shares, compared to its average volume of 23,057,772. The company has a market capitalization of $134.27 billion, a price-to-earnings ratio of 103.65, a P/E/G ratio of 1.34 and a beta of 1.39. The firm’s fifty day moving average price is $71.62 and its 200 day moving average price is $67.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 52 week low of $37.07 and a 52 week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted ($0.08) EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 0.88 EPS for the current year.

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.