Cullen Frost Bankers Inc. Buys 3,686 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cullen Frost Bankers Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 184,290 shares of the ride-sharing company’s stock after buying an additional 3,686 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Uber Technologies were worth $11,347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of Uber Technologies during the 3rd quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 560 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 495 shares during the last quarter. CVA Family Office LLC acquired a new position in Uber Technologies during the 4th quarter valued at approximately $30,000. Finally, Highlander Capital Management LLC increased its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Uber Technologies Stock Performance

Uber Technologies stock traded down $4.03 during midday trading on Wednesday, reaching $66.40. 83,858,520 shares of the company traded hands, compared to its average volume of 20,549,502. The firm has a market capitalization of $138.20 billion, a price-to-earnings ratio of 77.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50 day moving average of $74.80 and a two-hundred day moving average of $65.83. Uber Technologies, Inc. has a 12 month low of $37.07 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UBER shares. JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. KeyCorp lifted their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Moffett Nathanson restated a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Finally, Mizuho raised their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $82.55.

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.