Compagnie Lombard Odier SCmA Sells 6,668 Shares of Uber Technologies, Inc. (NYSE:UBER)

Compagnie Lombard Odier SCmA decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 11.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,853 shares of the ride-sharing company’s stock after selling 6,668 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Uber Technologies were worth $3,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of UBER. Vanguard Group Inc. raised its stake in Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after buying an additional 43,275,830 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares in the last quarter. GQG Partners LLC raised its stake in Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after buying an additional 9,541,366 shares in the last quarter. Allen Investment Management LLC raised its stake in Uber Technologies by 2,956.5% in the first quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock worth $410,995,000 after buying an additional 5,163,635 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after buying an additional 3,179,308 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 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 directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson upped their price target on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday. Melius Research assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Piper Sandler upped their price target on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.11.

Uber Technologies Stock Performance

NYSE:UBER traded up $8.42 during mid-day trading on Friday, hitting $86.34. The stock had a trading volume of 57,290,484 shares, compared to its average volume of 14,189,808. The stock has a market capitalization of $181.40 billion, a price-to-earnings ratio of 94.88, a P/E/G ratio of 1.35 and a beta of 1.33. The company has a 50 day simple moving average of $72.65 and a 200-day simple moving average of $70.51. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

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

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.