Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 31.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,847 shares of the ride-sharing company’s stock after selling 20,581 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Uber Technologies were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the period. MCF Advisors LLC increased its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the period. Fairfield Financial Advisors LTD purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $36,000. Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Finally, Transcendent Capital Group LLC boosted its stake in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 550 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 3.0 %

UBER traded up $1.90 during trading on Friday, hitting $65.07. 18,939,645 shares of the company’s stock were exchanged, compared to its average volume of 22,155,484. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a 50 day moving average price of $68.24 and a 200 day moving average price of $70.73. The firm has a market cap of $137.02 billion, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 33.46% and a net margin of 10.49%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Tigress Financial raised their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, October 31st. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.53.

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.