Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Coastline Trust Co

Coastline Trust Co increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,753 shares of the ride-sharing company's stock after purchasing an additional 3,747 shares during the quarter. Coastline Trust Co's holdings in Uber Technologies were worth $2,022,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of UBER. Transce3nd LLC purchased a new position in Uber Technologies in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $27,000. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies in the first quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

UBER stock traded down $0.12 during midday trading on Wednesday, reaching $92.01. The company had a trading volume of 13,599,454 shares, compared to its average volume of 21,061,035. The firm has a market capitalization of $192.41 billion, a PE ratio of 16.11, a P/E/G ratio of 1.19 and a beta of 1.40. The stock has a 50 day moving average price of $85.92 and a 200 day moving average price of $75.75. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on UBER shares. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. DA Davidson lifted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group lifted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $94.85.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Company Profile

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.