OVERSEA CHINESE BANKING Corp Ltd Has $5.87 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 39.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 78,150 shares of the ride-sharing company’s stock after selling 51,792 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Uber Technologies were worth $5,874,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. lifted its position 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 period. WR Wealth Planners LLC increased its holdings in Uber Technologies by 563.9% during the 2nd 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 acquired a new stake in Uber Technologies during the 1st quarter valued at $32,000. MCF Advisors LLC increased its stake 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 valued at $32,000 after buying an additional 405 shares during the period. Finally, Founders Capital Management acquired a new stake in shares of Uber Technologies during the second quarter worth $33,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.5 %

Shares of NYSE UBER opened at $71.65 on Tuesday. The firm’s 50 day moving average price is $75.45 and its 200-day moving average price is $70.97. The company has a market cap of $150.87 billion, a PE ratio of 35.65, a P/E/G ratio of 0.72 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $50.72 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. JMP Securities lifted their target price on Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Truist Financial dropped their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Thursday, October 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Six 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.32.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

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.