Zions Bancorporation N.A. Grows Stake in Uber Technologies, Inc. (NYSE:UBER)

Zions Bancorporation N.A. boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 6.8% in the 3rd quarter, Holdings Channel reports. The firm owned 72,047 shares of the ride-sharing company’s stock after buying an additional 4,558 shares during the quarter. Zions Bancorporation N.A.’s holdings in Uber Technologies were worth $5,415,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the last quarter. WR Wealth Planners LLC lifted its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies in the first quarter worth about $32,000. MCF Advisors LLC lifted its stake in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Finally, Founders Capital Management bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $33,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 0.3 %

Shares of Uber Technologies stock opened at $71.16 on Thursday. The firm has a 50-day simple moving average of $75.41 and a two-hundred day simple moving average of $71.00. The company has a market cap of $149.84 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. Uber Technologies, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on UBER shares. Citigroup lifted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Raymond James started coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target on the stock. TD Cowen lifted their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Royal Bank of Canada lifted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Evercore ISI boosted their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

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.