KBC Group NV Sells 92,829 Shares of Uber Technologies, Inc. $UBER

KBC Group NV reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 870,155 shares of the ride-sharing company’s stock after selling 92,829 shares during the quarter. KBC Group NV’s holdings in Uber Technologies were worth $81,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies during the first quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC raised its stake in Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock valued at $1,401,873,000 after acquiring an additional 720,122 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock valued at $995,801,000 after purchasing an additional 394,157 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $93.59 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50 day moving average price of $95.48 and a 200 day moving average price of $91.55. The stock has a market capitalization of $194.47 billion, a P/E ratio of 12.03 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UBER shares. Susquehanna reissued a “positive” rating and issued a $110.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Guggenheim decreased their target price on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Insider Activity

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the sale, the insider directly owned 172,846 shares of the company’s stock, valued at $16,074,678. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 604,946 shares of company stock worth $58,950,116 over the last 90 days. Company insiders own 3.70% of the company’s stock.

About Uber Technologies

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.