SBI Securities Co. Ltd. Sells 3,589 Shares of Uber Technologies, Inc. $UBER

SBI Securities Co. Ltd. lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,044 shares of the ride-sharing company’s stock after selling 3,589 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Uber Technologies were worth $2,896,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in UBER. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the second quarter valued at about $28,000. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies in the 2nd quarter valued at about $30,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Truvestments Capital LLC increased its position in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC increased its holdings in Uber Technologies by 158.2% during the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after buying an additional 250 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the sale, the insider owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 604,946 shares of company stock valued at $58,950,116 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Sanford C. Bernstein increased their price target on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. TD Cowen boosted their price objective on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price target on shares of Uber Technologies in a research note on Wednesday, October 29th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned 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.

Uber Technologies Stock Performance

Shares of UBER stock opened at $93.56 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a 50 day moving average price of $95.50 and a two-hundred day moving average price of $91.56. The company has a market capitalization of $194.40 billion, a P/E ratio of 12.03 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last issued its 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. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies Company 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.