Zions Bancorporation N.A. Has $3.96 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Zions Bancorporation N.A. trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,641 shares of the ride-sharing company's stock after selling 6,406 shares during the quarter. Zions Bancorporation N.A.'s holdings in Uber Technologies were worth $3,959,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Avion Wealth increased its holdings in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. grew its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC bought a new position in Uber Technologies in the fourth quarter worth about $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $35,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. KGI Securities restated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.31.

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Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last three months. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

UBER traded down $2.21 during trading on Friday, hitting $72.65. 7,065,974 shares of the stock were exchanged, compared to its average volume of 20,055,088. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $151.77 billion, a P/E ratio of 15.92, a PEG ratio of 0.89 and a beta of 1.39. The stock has a fifty day moving average price of $73.33 and a two-hundred day moving average price of $71.71. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

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.