Coastline Trust Co Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Coastline Trust Co bought a new position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,148 shares of the ride-sharing company’s stock, valued at approximately $317,000.

A number of other institutional investors also recently bought and sold shares of UBER. American Century Companies Inc. raised its holdings in Uber Technologies by 28.7% in the 1st quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after buying an additional 5,142 shares during the period. MetLife Investment Management LLC purchased a new stake in shares of Uber Technologies during the 1st quarter worth approximately $3,359,000. Panagora Asset Management Inc. lifted its position in Uber Technologies by 29.3% in the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock valued at $808,000 after acquiring an additional 5,134 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Uber Technologies by 11.7% in the 1st quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock valued at $938,000 after purchasing an additional 2,756 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Uber Technologies by 17.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock worth $40,838,000 after buying an additional 168,475 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the subject of several research reports. Piper Sandler upped their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Barclays raised their price target on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, March 28th. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets upped their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.41.

Check Out Our Latest Research Report on UBER

Uber Technologies Stock Performance

NYSE:UBER opened at $77.00 on Wednesday. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14. The firm has a market capitalization of $160.27 billion, a price-to-earnings ratio of 89.53, a PEG ratio of 1.24 and a beta of 1.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $75.23 and its 200 day simple moving average is $61.14.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Profile

(Free Report)

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.

See Also

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

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