Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,489 shares of the ride-sharing company’s stock after selling 1,404 shares during the quarter. Zions Bancorporation N.A.’s holdings in Uber Technologies were worth $4,905,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. increased its stake in Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after acquiring an additional 3,623,951 shares during the last quarter. Capital World Investors lifted its position in Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares during the last quarter. Capital Research Global Investors boosted its stake in Uber Technologies by 8.2% during the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter worth $1,415,778,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UBER shares. Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. JMP Securities upped their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Melius began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Wolfe Research began coverage on Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, Citigroup boosted their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

Uber Technologies Trading Down 2.9 %

Uber Technologies stock opened at $68.09 on Friday. The firm has a market cap of $143.05 billion, a price-to-earnings ratio of 109.82, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The firm’s 50 day moving average price is $69.39 and its two-hundred day moving average price is $71.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts predict that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.84% 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.