First Western Trust Bank Buys New Holdings in Uber Technologies, Inc. (NYSE:UBER)

First Western Trust Bank purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,976 shares of the ride-sharing company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. boosted its position 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 purchasing an additional 260 shares during the period. SOA Wealth Advisors LLC. lifted its stake in shares of Uber Technologies by 133.8% during the second quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Spotlight Asset Group Inc. purchased a new stake in shares of Uber Technologies in the second quarter worth about $33,000. Pacifica Partners Inc. acquired a new stake in shares of Uber Technologies in the second quarter valued at about $34,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at about $42,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 18,850 shares of the company’s stock in a transaction that occurred 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 directly owns 109,009 shares in the company, valued at $5,778,567.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jill Hazelbaker sold 18,850 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $53.01, for a total transaction of $999,238.50. Following the completion of the sale, the insider now directly 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 SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 50,016 shares of Uber Technologies stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $50.00, for a total transaction of $2,500,800.00. Following the completion of the transaction, the chief executive officer now owns 1,266,227 shares in the company, valued at approximately $63,311,350. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,616 shares of company stock valued at $9,747,789. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. BTIG Research upped their price objective on shares of Uber Technologies from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Susquehanna raised their price objective on Uber Technologies from $48.00 to $55.00 and gave the company a “positive” rating in a research note on Wednesday, August 2nd. Sanford C. Bernstein upped their target price on Uber Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Wedbush reissued an “outperform” rating and set a $57.00 price target (up previously from $55.00) on shares of Uber Technologies in a research report on Tuesday, November 7th. Finally, Mizuho upped their price target on shares of Uber Technologies from $60.00 to $63.00 and gave the company a “buy” 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, Uber Technologies currently has an average rating of “Buy” and a consensus target price of $56.44.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $54.61 on Tuesday. The stock has a 50 day simple moving average of $46.55 and a 200-day simple moving average of $44.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The company has a market cap of $112.38 billion, a PE ratio of 111.71 and a beta of 1.23. Uber Technologies, Inc. has a 12-month low of $23.90 and a 12-month high of $55.35.

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.