BOCHK Asset Management Ltd Buys 46,750 Shares of Uber Technologies, Inc. (NYSE:UBER)

BOCHK Asset Management Ltd raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,558.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,750 shares of the ride-sharing company’s stock after purchasing an additional 46,750 shares during the period. Uber Technologies accounts for approximately 1.1% of BOCHK Asset Management Ltd’s holdings, making the stock its 24th biggest position. BOCHK Asset Management Ltd’s holdings in Uber Technologies were worth $3,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UBER. GHP Investment Advisors Inc. increased its stake in 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. Financial Management Professionals Inc. increased its position in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC raised its stake in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new position in Uber Technologies during the first quarter valued at $32,000. Finally, MCF Advisors LLC increased its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.2 %

Shares of Uber Technologies stock traded down $1.78 on Thursday, reaching $78.05. The stock had a trading volume of 9,806,393 shares, compared to its average volume of 17,891,680. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $87.00. The company has a 50 day moving average price of $74.87 and a 200 day moving average price of $70.76. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $163.98 billion, a P/E ratio of 87.73, a P/E/G ratio of 1.40 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UBER shares. Evercore ISI boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Morgan Stanley increased their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Roth Mkm lifted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.86.

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.