OVERSEA CHINESE BANKING Corp Ltd Sells 51,792 Shares of Uber Technologies, Inc. (NYSE:UBER)

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 39.9% during the third quarter, HoldingsChannel.com reports. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UBER. GHP Investment Advisors Inc. increased its holdings 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 buying an additional 245 shares during the last quarter. WR Wealth Planners LLC increased its holdings in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Uber Technologies during the 1st quarter worth about $32,000. MCF Advisors LLC boosted its stake in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the period. Finally, Founders Capital Management purchased a new position in shares of Uber Technologies during the 2nd quarter worth about $33,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley boosted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen boosted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Six research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.32.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’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 directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.65 on Tuesday. The firm has a 50-day simple moving average of $75.45 and a 200-day simple moving average of $70.97. The stock has a market capitalization of $150.87 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52 week low of $50.72 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the business earned $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 1.83 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.