Zions Bancorporation National Association UT Buys 657 Shares of Uber Technologies, Inc. $UBER

Zions Bancorporation National Association UT increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 61,203 shares of the ride-sharing company’s stock after purchasing an additional 657 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Uber Technologies were worth $5,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. West Oak Capital LLC bought a new position in Uber Technologies in the second quarter worth $28,000. Truvestments Capital LLC boosted its stake in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the second quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.1%

NYSE UBER opened at $92.03 on Friday. The stock’s 50 day simple moving average is $95.46 and its 200 day simple moving average is $91.20. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The firm has a market cap of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 604,946 shares of company stock worth $58,950,116 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada set a $110.00 price objective on shares of Uber Technologies in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Wednesday. Sanford C. Bernstein lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Guggenheim lowered their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Piper Sandler set a $107.00 target price on Uber Technologies in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $108.26.

About Uber Technologies

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.