Citizens National Bank Trust Department Buys 5,554 Shares of Uber Technologies, Inc. (NYSE:UBER)

Citizens National Bank Trust Department grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 56.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,369 shares of the ride-sharing company's stock after buying an additional 5,554 shares during the period. Citizens National Bank Trust Department's holdings in Uber Technologies were worth $927,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in UBER. Zullo Investment Group Inc. grew its position in shares of Uber Technologies by 7.3% during the 4th quarter. Zullo Investment Group Inc. now owns 16,291 shares of the ride-sharing company's stock valued at $983,000 after buying an additional 1,115 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in Uber Technologies by 146.2% in the fourth quarter. Meitav Investment House Ltd. now owns 439,150 shares of the ride-sharing company's stock valued at $26,471,000 after acquiring an additional 260,750 shares during the period. Handelsbanken Fonder AB raised its position in shares of Uber Technologies by 46.9% during the 4th quarter. Handelsbanken Fonder AB now owns 1,391,579 shares of the ride-sharing company's stock worth $83,940,000 after purchasing an additional 444,226 shares during the period. Cumberland Partners Ltd acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $3,016,000. Finally, Ieq Capital LLC boosted its position in Uber Technologies by 16.9% during the 4th quarter. Ieq Capital LLC now owns 309,016 shares of the ride-sharing company's stock valued at $18,640,000 after purchasing an additional 44,690 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 2.9 %

NYSE UBER traded down $2.38 during trading on Friday, reaching $78.89. 18,958,126 shares of the company's stock were exchanged, compared to its average volume of 28,699,561. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company's fifty day simple moving average is $67.67 and its 200-day simple moving average is $71.11. The firm has a market capitalization of $164.79 billion, a PE ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday. Evercore ISI dropped their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Truist Financial decreased their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.91.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company's stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is 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.