OVERSEA CHINESE BANKING Corp Ltd Has $7.94 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,481 shares of the ride-sharing company's stock after purchasing an additional 31,968 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Uber Technologies were worth $7,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in UBER. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the last quarter. Perkins Coie Trust Co lifted its stake in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after buying an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on UBER shares. DA Davidson lifted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. KeyCorp lifted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Stifel Nicolaus began coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price on the stock. Finally, TD Cowen decreased their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Thirteen analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.63.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock worth $3,496,071. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 0.3%

Shares of UBER traded down $0.24 during trading hours on Thursday, hitting $90.51. The stock had a trading volume of 16,886,335 shares, compared to its average volume of 21,208,556. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.72. The firm has a market cap of $189.27 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.17 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company's fifty day simple moving average is $88.90 and its 200 day simple moving average is $78.17.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company posted ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.