Uber Technologies, Inc. (NYSE:UBER) Holdings Lifted by Spinnaker Trust

Spinnaker Trust increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,405 shares of the ride-sharing company’s stock after purchasing an additional 2,284 shares during the quarter. Spinnaker Trust’s holdings in Uber Technologies were worth $5,818,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Concurrent Investment Advisors LLC raised its holdings in Uber Technologies by 4.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,665 shares of the ride-sharing company’s stock worth $5,011,000 after buying an additional 2,813 shares during the period. Harvest Portfolios Group Inc. lifted its position in shares of Uber Technologies by 17.6% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 14,051 shares of the ride-sharing company’s stock valued at $1,056,000 after acquiring an additional 2,103 shares in the last quarter. Catalina Capital Group LLC boosted its stake in Uber Technologies by 3.4% in the 3rd quarter. Catalina Capital Group LLC now owns 12,777 shares of the ride-sharing company’s stock worth $960,000 after purchasing an additional 419 shares during the period. Avidian Wealth Enterprises LLC purchased a new position in Uber Technologies during the 3rd quarter worth approximately $292,000. Finally, Cornerstone Capital Inc. lifted its holdings in shares of Uber Technologies by 5.1% in the third quarter. Cornerstone Capital Inc. now owns 349,488 shares of the ride-sharing company’s stock valued at $26,268,000 after purchasing an additional 17,088 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UBER. Royal Bank of Canada increased their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Truist Financial dropped their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group boosted their target price on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company reduced their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.22.

Uber Technologies Trading Down 0.9 %

Shares of UBER stock traded down $0.70 on Wednesday, hitting $73.45. The stock had a trading volume of 13,025,858 shares, compared to its average volume of 18,043,934. Uber Technologies, Inc. has a twelve month low of $46.68 and a twelve month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $154.66 billion, a P/E ratio of 36.91, a PEG ratio of 1.16 and a beta of 1.34. The company has a fifty day moving average price of $75.40 and a two-hundred day moving average price of $70.90.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $0.10 earnings per share. As a group, analysts forecast that Uber Technologies, Inc. will post 1.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

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.