Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 24.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,739 shares of the ride-sharing company's stock after buying an additional 15,872 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Uber Technologies were worth $4,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies during the fourth quarter valued at $35,000. Financial Management Professionals Inc. increased its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Transcendent Capital Group LLC boosted its holdings in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in shares of Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock valued at $45,000 after purchasing an additional 276 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Truist Financial dropped their price target on Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, November 1st. BMO Capital Markets restated an "outperform" rating and issued a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Jefferies Financial Group lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.53.

Uber Technologies Stock Down 1.9 %

UBER stock traded down $1.28 on Friday, hitting $67.30. 27,057,083 shares of the company's stock were exchanged, compared to its average volume of 22,576,684. The firm has a 50 day moving average price of $66.24 and a two-hundred day moving average price of $70.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market cap of $141.71 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.80% of the company's stock.

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.