Synovus Financial Corp Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Synovus Financial Corp increased its stake in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 18.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,798 shares of the ride-sharing company’s stock after buying an additional 1,670 shares during the quarter. Synovus Financial Corp’s holdings in Uber Technologies were worth $224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of Uber Technologies during the first quarter worth about $27,000. Core Alternative Capital grew its holdings in shares of Uber Technologies by 3,079.2% during the first quarter. Core Alternative Capital now owns 763 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 739 shares during the last quarter. Crewe Advisors LLC grew its holdings in shares of Uber Technologies by 176.4% during the second quarter. Crewe Advisors LLC now owns 1,382 shares of the ride-sharing company’s stock worth $28,000 after buying an additional 882 shares during the last quarter. CX Institutional purchased a new position in shares of Uber Technologies during the second quarter worth about $28,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Uber Technologies during the first quarter worth about $32,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $28.25 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.33. Uber Technologies, Inc. has a one year low of $19.90 and a one year high of $45.90. The company has a 50 day moving average price of $28.41 and a two-hundred day moving average price of $26.38.

Uber Technologies (NYSE:UBERGet Rating) last released its earnings results on Tuesday, November 1st. The ride-sharing company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.44). The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.08 billion. Uber Technologies had a negative return on equity of 90.49% and a negative net margin of 30.45%. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post -5.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on UBER shares. MKM Partners reduced their price objective on shares of Uber Technologies from $41.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Needham & Company LLC raised their price objective on shares of Uber Technologies from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Raymond James upgraded shares of Uber Technologies from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Wednesday, August 3rd. Barclays raised their price objective on shares of Uber Technologies from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, August 3rd. Finally, Cowen reduced their price objective on shares of Uber Technologies from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, October 24th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.64.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 63,100 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $31.02, for a total transaction of $1,957,362.00. Following the completion of the sale, the insider now directly owns 80,750 shares of the company’s stock, valued at approximately $2,504,865. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Tony West sold 4,167 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $32.00, for a total transaction of $133,344.00. Following the completion of the sale, the insider now directly owns 142,593 shares of the company’s stock, valued at approximately $4,562,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 63,100 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $31.02, for a total transaction of $1,957,362.00. Following the sale, the insider now directly owns 80,750 shares of the company’s stock, valued at $2,504,865. The disclosure for this sale can be found here. In the last three months, insiders sold 117,267 shares of company stock valued at $3,591,206. Company insiders own 3.92% of the company’s stock.

Uber Technologies Company Profile

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

See Also

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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