Overbrook Management Corp Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Overbrook Management Corp cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 58.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,986 shares of the ride-sharing company’s stock after selling 149,573 shares during the period. Uber Technologies comprises about 1.8% of Overbrook Management Corp’s holdings, making the stock its 23rd largest position. Overbrook Management Corp’s holdings in Uber Technologies were worth $7,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Uber Technologies by 37.8% during the 1st 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 purchasing an additional 9,996,508 shares during the last quarter. Legal & General Group Plc boosted its position in Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after buying an additional 237,976 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Uber Technologies by 9.6% in the 2nd quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock valued at $889,956,000 after purchasing an additional 1,076,876 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of 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 valued at $864,390,000 after purchasing an additional 3,179,308 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Uber Technologies by 10.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock valued at $615,220,000 after acquiring an additional 821,508 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group raised their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Truist Financial cut their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. JMP Securities boosted their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Jefferies Financial Group upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.7 %

Shares of NYSE UBER opened at $69.62 on Thursday. 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 one year low of $53.89 and a one year high of $87.00. The stock has a market capitalization of $146.60 billion, a P/E ratio of 34.64, a PEG ratio of 0.69 and a beta of 1.34. The firm’s 50 day simple moving average is $75.47 and its two-hundred day simple moving average is $71.11.

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. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the business earned $0.10 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 1.83 EPS 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.