Stonehage Fleming Financial Services Holdings Ltd Grows Stake in Uber Technologies, Inc. (NYSE:UBER)

Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 37.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,205 shares of the ride-sharing company’s stock after buying an additional 3,305 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Uber Technologies were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Raleigh Capital Management Inc. grew its stake in Uber Technologies by 66.5% during the 2nd quarter. Raleigh Capital Management Inc. now owns 651 shares of the ride-sharing company’s stock worth $28,000 after buying an additional 260 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of Uber Technologies by 133.8% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Spotlight Asset Group Inc. purchased a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $33,000. Pacifica Partners Inc. purchased a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $34,000. Finally, Colonial Trust Advisors grew its stake in shares of Uber Technologies by 23,500.0% in the 1st quarter. Colonial Trust Advisors now owns 1,180 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UBER shares. Wells Fargo & Company lifted their target price on Uber Technologies from $59.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Wedbush reiterated an “outperform” rating and issued a $57.00 target price (up from $55.00) on shares of Uber Technologies in a research note on Tuesday, November 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of Uber Technologies in a report on Tuesday, September 5th. Tigress Financial assumed coverage on Uber Technologies in a report on Friday, July 21st. They issued a “buy” rating and a $66.00 price target for the company. Finally, Sanford C. Bernstein raised their price target on Uber Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Thirty equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $56.44.

Uber Technologies Stock Performance

Uber Technologies stock opened at $54.44 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a fifty day moving average of $46.44 and a two-hundred day moving average of $44.14. The company has a market capitalization of $112.03 billion, a price-to-earnings ratio of 111.09 and a beta of 1.23. Uber Technologies, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $54.51.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 18,850 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $53.01, for a total transaction of $999,238.50. Following the completion of the transaction, the insider now owns 109,009 shares of the company’s stock, valued at $5,778,567.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jill Hazelbaker sold 18,850 shares of Uber Technologies stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $53.01, for a total value of $999,238.50. Following the completion of the sale, the insider now owns 109,009 shares of the company’s stock, valued at $5,778,567.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 50,016 shares of Uber Technologies stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $50.00, for a total value of $2,500,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,227 shares of the company’s stock, valued at approximately $63,311,350. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 287,616 shares of company stock valued at $14,252,789. 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.