Uber Technologies, Inc. $UBER Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 56.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,315 shares of the ride-sharing company’s stock after selling 23,582 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Uber Technologies were worth $1,799,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Westend Capital Management LLC acquired a new position in shares of Uber Technologies in the third quarter valued at approximately $27,000. Kilter Group LLC acquired a new stake in Uber Technologies during the 2nd quarter worth approximately $26,000. West Oak Capital LLC purchased a new position in Uber Technologies in the 2nd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new position in Uber Technologies in the 2nd quarter valued at approximately $30,000. Finally, Total Investment Management Inc. acquired a new position in shares of Uber Technologies in the second quarter worth $32,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Uber Technologies from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $108.00 price target on shares of Uber Technologies in a research report on Wednesday, October 29th. Piper Sandler set a $107.00 price objective on Uber Technologies in a research note on Wednesday, November 5th. Finally, BMO Capital Markets cut their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.18.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $84.41 on Friday. The stock’s 50-day simple moving average is $85.74 and its 200-day simple moving average is $91.15. The firm has a market capitalization of $175.38 billion, a PE ratio of 10.85 and a beta of 1.20. Uber Technologies, Inc. has a fifty-two week low of $60.63 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.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the sale, the insider directly owned 175,423 shares of the company’s stock, valued at $14,096,992.28. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 14,875 shares of company stock valued at $1,348,818. Company insiders own 3.84% of the company’s stock.

Key Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Large distribution boost from Kroger partnership expands grocery reach (adds ~2,700 Kroger stores to Uber, Uber Eats and Postmates), directly supporting delivery growth and revenue diversification. Kroger Launches Fast, Convenient Delivery on Uber Apps Nationwide
• Positive Sentiment: New and reaffirmed analyst support: BNP Paribas Exane started coverage with an “outperform” and $108 PT, and BTIG reaffirmed a Buy with $100 PT — these increase buy-side interest and signal upside from current levels. BNP Paribas Exane Begins Coverage on Uber Technologies (NYSE:UBER)
• Positive Sentiment: Positive earnings momentum and delivery acceleration narratives are prompting “buy the dip” takes and valuation-focused coverage highlighting long-term growth potential in delivery and new tech adoption. Uber: Buy The Dip As Delivery Services Accelerate
• Positive Sentiment: International demand tailwinds — WeChat partnership is driving higher usage from Chinese tourists overseas, supporting cross-border growth and marketplace utilization. Uber’s WeChat tie-up pays off as demand from Chinese tourists rises overseas
• Neutral Sentiment: Analyst consensus and price-target dispersion: several outlets note a meaningful average upside (~31% per some coverage), which keeps investor attention but also highlights varied views across brokers. Wall Street Analysts Believe Uber (UBER) Could Rally 31.3%: Here’s is How to Trade
• Neutral Sentiment: Investor letters and hedge fund commentary label Uber a “battleground” — signals active ownership and potential for positioning but not an immediate directional catalyst. L1 Capital International Strategy: Uber (UBER) is a ‘Battleground’ Company
• Negative Sentiment: PR/ballot initiative controversy: an LA Times column accuses Uber’s proposed ballot measure of prioritizing company costs over consumer interests — reputational and regulatory risks that can pressure valuation. Hiltzik: Uber’s trying to snow voters with a supposedly pro-consumer ballot initiative. Don’t buy it
• Negative Sentiment: Driver-pay/legal headwinds: NYC alleges DoorDash and Uber cost drivers $550M in tips — ongoing regulatory and legal scrutiny could increase costs, settlements or operational constraints. DoorDash, Uber Drivers Stiffed on $550 Million in Tips, NYC Says
• Negative Sentiment: Some sell-side pressure: Cantor Fitzgerald trimmed its price target recently — a reminder that not all analysts are raising targets, which can temper upside near-term. This is What The Street Thinks About Uber Technologies (UBER)

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.