Gulf International Bank UK Ltd Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Gulf International Bank UK Ltd lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.1% in the third quarter, Holdings Channel reports. The institutional investor owned 150,205 shares of the ride-sharing company’s stock after selling 6,413 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Uber Technologies were worth $11,289,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 222.7% during 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 in the last quarter. WR Wealth Planners LLC lifted its position in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies during the first quarter worth $32,000. MCF Advisors LLC boosted its holdings in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. Finally, Founders Capital Management acquired a new position in Uber Technologies during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider now directly owns 127,352 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UBER shares. Jefferies Financial Group lifted their price target 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. Citigroup boosted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Truist Financial cut their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their price objective on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.22.

Uber Technologies Stock Performance

Uber Technologies stock opened at $73.25 on Tuesday. The firm has a market capitalization of $153.89 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34. Uber Technologies, Inc. has a one year low of $46.68 and a one year high of $87.00. The stock’s 50 day moving average price is $75.37 and its 200 day moving average price is $70.86. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the business earned $0.10 EPS. The business’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.09 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.