OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,481 shares of the ride-sharing company's stock after acquiring an additional 31,968 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Uber Technologies were worth $7,939,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Transce3nd LLC bought a new stake in Uber Technologies during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC bought a new position in Uber Technologies in the 1st quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC grew its stake in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the period. Institutional investors own 80.24% of the company's stock.
Uber Technologies Stock Performance
NYSE:UBER opened at $86.98 on Friday. The business's 50-day moving average price is $89.12 and its two-hundred day moving average price is $80.29. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71. The stock has a market cap of $181.89 billion, a P/E ratio of 15.23, a PEG ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.
Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
UBER has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. TD Cowen reduced their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $100.71.
Read Our Latest Report on UBER
Insider Activity
In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated 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 transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock worth $3,496,071 over the last quarter. Corporate insiders own 3.84% of the company's stock.
About Uber Technologies
(
Free Report)
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.
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