OVERSEA CHINESE BANKING Corp Ltd Has $3.91 Million Stock Position in Uber Technologies, Inc. $UBER

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 61.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,897 shares of the ride-sharing company’s stock after selling 66,584 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Uber Technologies were worth $3,909,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. West Oak Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the second quarter valued at $30,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the first quarter valued at $27,000. Truvestments Capital LLC raised its stake in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC raised its stake in shares of Uber Technologies by 158.2% during the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UBER. Needham & Company LLC raised their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Roth Capital lifted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Piper Sandler lifted their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Guggenheim raised shares of Uber Technologies to a “strong-buy” rating in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.91.

Uber Technologies Trading Down 0.6%

UBER opened at $94.09 on Monday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $196.21 billion, a P/E ratio of 16.03 and a beta of 1.48. The company has a fifty day moving average price of $95.42 and a two-hundred day moving average price of $89.67.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the sale, the insider directly owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.70% of the stock is owned by insiders.

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.