Security National Bank Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Security National Bank lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3,000.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,100 shares of the ride-sharing company's stock after acquiring an additional 3,000 shares during the period. Security National Bank's holdings in Uber Technologies were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. TigerOak Management L.L.C. raised its holdings in shares of Uber Technologies by 2.0% during the 1st quarter. TigerOak Management L.L.C. now owns 21,617 shares of the ride-sharing company's stock worth $1,575,000 after acquiring an additional 427 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Uber Technologies during the 1st quarter worth $101,000. Pinnacle Bancorp Inc. raised its holdings in shares of Uber Technologies by 30.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 3,590 shares of the ride-sharing company's stock worth $262,000 after acquiring an additional 848 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Uber Technologies by 243.1% during the 1st quarter. Golden State Wealth Management LLC now owns 4,834 shares of the ride-sharing company's stock worth $352,000 after acquiring an additional 3,425 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Uber Technologies by 20.7% during the 1st quarter. Bessemer Group Inc. now owns 32,416 shares of the ride-sharing company's stock worth $2,361,000 after acquiring an additional 5,561 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on UBER shares. Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays boosted their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. KeyCorp boosted their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Loop Capital restated a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, TD Cowen reduced their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Twelve investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.85.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the company'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 transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company'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 transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Uber Technologies Stock Down 1.7%

Shares of UBER stock traded down $1.58 during trading hours on Friday, reaching $91.54. 24,681,770 shares of the stock were exchanged, compared to its average volume of 21,095,892. The business's fifty day moving average is $85.16 and its two-hundred day moving average is $75.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. The firm has a market capitalization of $191.43 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.16 and a beta of 1.38.

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

Uber Technologies 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.