Westpac Banking Corp Decreases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Westpac Banking Corp trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,290 shares of the ride-sharing company's stock after selling 26,226 shares during the period. Westpac Banking Corp's holdings in Uber Technologies were worth $2,611,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Edgestream Partners L.P. acquired a new stake in shares of Uber Technologies during the 3rd quarter worth about $760,000. Benjamin Edwards Inc. increased its stake in shares of Uber Technologies by 4,968.4% during the third quarter. Benjamin Edwards Inc. now owns 37,506 shares of the ride-sharing company's stock worth $2,819,000 after purchasing an additional 36,766 shares during the period. IHT Wealth Management LLC lifted its holdings in Uber Technologies by 29.4% during the 3rd quarter. IHT Wealth Management LLC now owns 32,849 shares of the ride-sharing company's stock worth $2,461,000 after purchasing an additional 7,467 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in Uber Technologies by 3.8% during the 3rd quarter. Royal London Asset Management Ltd. now owns 845,785 shares of the ride-sharing company's stock worth $63,569,000 after purchasing an additional 31,242 shares during the last quarter. Finally, RBF Capital LLC grew its holdings in Uber Technologies by 61.7% in the 3rd quarter. RBF Capital LLC now owns 256,900 shares of the ride-sharing company's stock valued at $19,287,000 after buying an additional 98,000 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last ninety days. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 0.7 %

NYSE:UBER traded down $0.45 during trading hours on Monday, hitting $64.17. The company's stock had a trading volume of 17,874,239 shares, compared to its average volume of 20,167,079. The stock has a market capitalization of $134.24 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $73.75 and a 200-day moving average of $71.74. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. DA Davidson decreased their target price on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. KGI Securities reissued a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.41.

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.