Grove Bank & Trust Has $845,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Grove Bank & Trust raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 71.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,006 shares of the ride-sharing company's stock after purchasing an additional 5,822 shares during the period. Grove Bank & Trust's holdings in Uber Technologies were worth $845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after buying an additional 893,652 shares in the last quarter. Edgewood Management LLC increased its position in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the last quarter. Legal & General Group Plc boosted its holdings in Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after purchasing an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Uber Technologies by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock valued at $939,365,000 after buying an additional 1,601,747 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 1.9 %

Shares of UBER traded down $1.28 during mid-day trading on Monday, hitting $67.30. 27,057,083 shares of the company's stock were exchanged, compared to its average volume of 22,576,684. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm has a fifty day moving average of $66.24 and a two-hundred day moving average of $70.36. The stock has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business's revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company's stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UBER. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Tigress Financial lifted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a report on Monday, November 25th. JMP Securities lowered shares of Uber Technologies from an "outperform" rating to a "market perform" rating and set a $95.00 price objective on the stock. in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their target price on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Finally, UBS Group boosted their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a "buy" rating in a report on Friday, October 18th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.53.

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.