Coastline Trust Co Has $5.94 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Coastline Trust Co raised its position in Uber Technologies, Inc. (NYSE:UBER) by 13.5% in the third quarter, HoldingsChannel reports. The fund owned 78,975 shares of the ride-sharing company’s stock after purchasing an additional 9,383 shares during the quarter. Coastline Trust Co’s holdings in Uber Technologies were worth $5,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the last quarter. WR Wealth Planners LLC raised its stake in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management bought a new position in shares of Uber Technologies in the second quarter valued at approximately $33,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Uber Technologies during the second quarter valued at approximately $36,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on UBER. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. JMP Securities increased their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Loop Capital upped their target price on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Stock Performance

NYSE UBER opened at $73.26 on Friday. The company’s 50 day simple moving average is $75.40 and its two-hundred day simple moving average is $71.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $53.15 and a 1 year high of $87.00. The stock has a market capitalization of $154.26 billion, a PE ratio of 36.45, a P/E/G ratio of 0.71 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) 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 the consensus estimate of $10.99 billion. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Company 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.