Bangor Savings Bank Sells 754 Shares of Uber Technologies, Inc. $UBER

Bangor Savings Bank lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,004 shares of the ride-sharing company’s stock after selling 754 shares during the period. Bangor Savings Bank’s holdings in Uber Technologies were worth $840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies during the 4th quarter worth about $395,000. Bison Wealth LLC boosted its holdings in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Uber Technologies by 16.6% during the 4th quarter. ProShare Advisors LLC now owns 346,654 shares of the ride-sharing company’s stock worth $20,910,000 after buying an additional 49,243 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on UBER shares. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Stifel Nicolaus lifted their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.06.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $95.90 on Friday. The company has a 50-day simple moving average of $92.62 and a two-hundred day simple moving average of $84.64. The stock has a market capitalization of $199.99 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company’s stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock valued at $4,632,774 over the last quarter. 3.84% of the stock is owned by corporate insiders.

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.