Coastline Trust Co Purchases 9,383 Shares of Uber Technologies, Inc. (NYSE:UBER)

Coastline Trust Co boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,975 shares of the ride-sharing company's stock after acquiring an additional 9,383 shares during the period. Coastline Trust Co's holdings in Uber Technologies were worth $5,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its stake in Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock valued at $87,000 after acquiring an additional 127 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock valued at $476,000 after purchasing an additional 131 shares in the last quarter. DT Investment Partners LLC increased its stake in shares of Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after purchasing an additional 145 shares during the last quarter. Jmac Enterprises LLC raised its holdings in shares of Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock worth $552,000 after buying an additional 150 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its position in shares of Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company's stock worth $1,809,000 after buying an additional 151 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 2.5 %

Uber Technologies stock traded up $1.81 during midday trading on Friday, reaching $73.25. The stock had a trading volume of 23,980,917 shares, compared to its average volume of 18,179,104. The company has a fifty day moving average price of $75.48 and a two-hundred day moving average price of $71.05. Uber Technologies, Inc. has a 12 month low of $53.15 and a 12 month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $154.24 billion, a P/E ratio of 36.44, a PEG ratio of 0.71 and a beta of 1.34.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Uber Technologies's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company's stock, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their target price on Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Morgan Stanley lifted their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "overweight" rating in a report on Tuesday, July 23rd. DA Davidson increased their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Evercore ISI raised their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.32.

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.