Raymond James Trust N.A. Sells 1,565 Shares of Uber Technologies, Inc. (NYSE:UBER)

Raymond James Trust N.A. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,409 shares of the ride-sharing company’s stock after selling 1,565 shares during the quarter. Raymond James Trust N.A.’s holdings in Uber Technologies were worth $1,910,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its stake in shares of Uber Technologies by 17.8% during the 1st quarter. Kestra Advisory Services LLC now owns 168,506 shares of the ride-sharing company’s stock valued at $12,973,000 after purchasing an additional 25,472 shares during the period. Bornite Capital Management LP bought a new stake in shares of Uber Technologies during the first quarter valued at about $19,248,000. Caxton Associates LP increased its position in shares of Uber Technologies by 126.0% during the first quarter. Caxton Associates LP now owns 13,483 shares of the ride-sharing company’s stock valued at $1,038,000 after buying an additional 7,517 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Uber Technologies in the first quarter valued at approximately $93,138,000. Finally, Benchmark Investment Advisors LLC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $2,429,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Roth Mkm increased their price objective on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. DA Davidson boosted their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup raised their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $71.51 on Friday. The business has a 50 day moving average of $75.47 and a 200 day moving average of $71.09. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a market cap of $150.58 billion, a PE ratio of 35.58, a P/E/G ratio of 0.90 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

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.