Cullen Frost Bankers Inc. Buys 3,449 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cullen Frost Bankers Inc. grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 234,259 shares of the ride-sharing company's stock after purchasing an additional 3,449 shares during the period. Cullen Frost Bankers Inc.'s holdings in Uber Technologies were worth $17,068,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parcion Private Wealth LLC boosted its stake in shares of Uber Technologies by 58.0% during the 1st quarter. Parcion Private Wealth LLC now owns 8,062 shares of the ride-sharing company's stock worth $587,000 after acquiring an additional 2,959 shares during the last quarter. DDD Partners LLC raised its position in shares of Uber Technologies by 50.0% during the 1st quarter. DDD Partners LLC now owns 22,251 shares of the ride-sharing company's stock valued at $1,621,000 after purchasing an additional 7,417 shares during the period. Capital A Wealth Management LLC raised its position in shares of Uber Technologies by 4,452.9% during the 1st quarter. Capital A Wealth Management LLC now owns 774 shares of the ride-sharing company's stock valued at $56,000 after purchasing an additional 757 shares during the period. Bridgewater Advisors Inc. bought a new stake in shares of Uber Technologies during the 1st quarter valued at $510,000. Finally, Larson Financial Group LLC raised its position in shares of Uber Technologies by 180.7% during the 1st quarter. Larson Financial Group LLC now owns 7,470 shares of the ride-sharing company's stock valued at $544,000 after purchasing an additional 4,809 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, 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, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. Wedbush downgraded shares of 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. Bank of America boosted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Barclays boosted their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $97.63.

Uber Technologies Trading Down 0.0%

Shares of UBER stock traded down $0.01 during trading hours on Friday, hitting $90.49. 6,919,290 shares of the company were exchanged, compared to its average volume of 21,127,123. The firm has a market cap of $189.23 billion, a PE ratio of 15.87, a PEG ratio of 1.15 and a beta of 1.40. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $89.06 and a 200 day moving average of $78.37.

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, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.