Cullen Frost Bankers Inc. Has $17.07 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cullen Frost Bankers Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the first quarter worth about $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after buying an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Cantor Fitzgerald restated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Bank of America boosted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. Thirteen analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $97.63.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm'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 transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business'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 transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,496,071 over the last three months. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.21 during mid-day trading on Thursday, reaching $90.54. The company had a trading volume of 13,723,448 shares, compared to its average volume of 21,198,855. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $189.33 billion, a PE ratio of 15.86, a P/E/G ratio of 1.17 and a beta of 1.40. The company has a 50-day moving average price of $88.90 and a two-hundred day moving average price of $78.17. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results 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 net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. On average, equities analysts anticipate 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.