New Covenant Trust Company N.A. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

New Covenant Trust Company N.A. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 831 shares of the ride-sharing company’s stock, valued at approximately $64,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in Uber Technologies during the first quarter valued at about $32,000. YHB Investment Advisors Inc. purchased a new position in shares of Uber Technologies in the first quarter worth about $37,000. Highlander Capital Management LLC increased its stake in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares in the last quarter. Finally, Bfsg LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $31,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,135,984 shares of company stock valued at $78,213,297. 3.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UBER. TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Citigroup boosted their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Wells Fargo & Company lifted their price objective on Uber Technologies from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Tigress Financial upped their target price on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Melius assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.82.

Uber Technologies Price Performance

Shares of UBER stock traded down $3.44 during mid-day trading on Thursday, hitting $61.03. The company had a trading volume of 18,946,909 shares, compared to its average volume of 18,845,113. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50 day moving average price is $68.52 and its 200-day moving average price is $71.01. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a market capitalization of $127.52 billion, a P/E ratio of 101.60, a P/E/G ratio of 1.38 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period last year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Uber Technologies Company 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.