Spinnaker Trust Has $4.98 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Spinnaker Trust boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,634 shares of the ride-sharing company’s stock after purchasing an additional 5,229 shares during the period. Spinnaker Trust’s holdings in Uber Technologies were worth $4,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Center for Financial Planning Inc. increased its holdings in Uber Technologies by 280.5% in the fourth quarter. Center for Financial Planning Inc. now owns 2,473 shares of the ride-sharing company’s stock valued at $149,000 after purchasing an additional 1,823 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies during the 4th quarter worth about $395,000. Valeo Financial Advisors LLC grew its holdings in Uber Technologies by 54.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 39,507 shares of the ride-sharing company’s stock worth $2,383,000 after acquiring an additional 13,872 shares during the period. DeDora Capital Inc. grew its holdings in Uber Technologies by 1.8% during the 4th quarter. DeDora Capital Inc. now owns 15,134 shares of the ride-sharing company’s stock worth $913,000 after acquiring an additional 274 shares during the period. Finally, Banque Pictet & Cie SA grew its holdings in Uber Technologies by 2,549.3% during the 4th quarter. Banque Pictet & Cie SA now owns 116,039 shares of the ride-sharing company’s stock worth $6,999,000 after acquiring an additional 111,659 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on UBER shares. JPMorgan Chase & Co. decreased their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Wells Fargo & Company decreased their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, KeyCorp cut their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.70.

Uber Technologies Trading Down 1.2 %

Shares of UBER stock opened at $79.31 on Friday. The company has a 50 day moving average of $66.01 and a 200-day moving average of $70.48. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm has a market cap of $167.00 billion, a P/E ratio of 17.39, a PEG ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued 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%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 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.