Sandy Spring Bank Has $52,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Posted by Defense World Staff on Aug 8th, 2023

Sandy Spring Bank boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 31.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,634 shares of the ride-sharing company’s stock after acquiring an additional 394 shares during the period. Sandy Spring Bank’s holdings in Uber Technologies were worth $52,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Pinnacle Bancorp Inc. bought a new position in shares of Uber Technologies during the first quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Uber Technologies by 89.3% during the first quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Uber Technologies during the first quarter worth $32,000. Parkside Financial Bank & Trust lifted its position in Uber Technologies by 56.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,180 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 428 shares in the last quarter. Finally, Sonnipe Ltd bought a new stake in Uber Technologies in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 73.90% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $44.96 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $91.88 billion, a P/E ratio of -204.35, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23. The firm’s fifty day simple moving average is $43.57 and its two-hundred day simple moving average is $37.02. Uber Technologies, Inc. has a 12 month low of $22.94 and a 12 month high of $49.49.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.19. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.34 billion. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.33) EPS. As a group, analysts predict that Uber Technologies, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 100,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $47.51, for a total value of $4,751,000.00. Following the completion of the sale, the chief executive officer now owns 1,316,243 shares in the company, valued at approximately $62,534,704.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Dara Khosrowshahi sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $47.51, for a total transaction of $4,751,000.00. Following the completion of the sale, the chief executive officer now owns 1,316,243 shares in the company, valued at approximately $62,534,704.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 644 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $41.00, for a total transaction of $26,404.00. Following the sale, the insider now owns 128,916 shares of the company’s stock, valued at approximately $5,285,556. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,642 shares of company stock worth $10,325,237. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Susquehanna boosted their price objective on shares of Uber Technologies from $48.00 to $55.00 and gave the company a “positive” rating in a research report on Wednesday, August 2nd. Morgan Stanley boosted their price objective on shares of Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Uber Technologies from $46.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Loop Capital boosted their price target on shares of Uber Technologies from $42.00 to $48.00 in a research report on Friday, June 9th. Finally, Roth Mkm boosted their price target on shares of Uber Technologies from $46.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Thirty equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $55.03.

Read Our Latest Stock Report on Uber Technologies

Uber Technologies Company Profile

(Free Report)

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.