Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by BOCHK Asset Management Ltd

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

Other large investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC boosted its stake in shares of Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares during the last quarter. Samlyn Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $134,987,000. Brookstone Capital Management lifted its stake in shares of Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in Uber Technologies by 26.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after buying an additional 8,614 shares in the last quarter. Finally, DSM Capital Partners LLC boosted its holdings in Uber Technologies by 2.2% during the second quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock worth $163,775,000 after buying an additional 47,824 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.2 %

Uber Technologies stock traded down $1.78 during midday trading on Thursday, reaching $78.05. 9,806,393 shares of the stock traded hands, compared to its average volume of 17,891,680. The firm has a market cap of $163.98 billion, a PE ratio of 87.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $74.87 and a two-hundred day simple moving average of $70.76. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Roth Mkm boosted their price objective on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.