Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Bank of Hawaii

Bank of Hawaii decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 85.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,040 shares of the ride-sharing company's stock after selling 17,462 shares during the quarter. Bank of Hawaii's holdings in Uber Technologies were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies during the third quarter worth approximately $2,087,000. Aviso Wealth Management acquired a new stake in Uber Technologies during the third quarter worth approximately $2,302,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock worth $432,356,000 after purchasing an additional 512,591 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company's stock worth $688,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA acquired a new stake in Uber Technologies during the third quarter worth approximately $799,000. 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 the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company's stock, valued at $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 2.5 %

NYSE UBER traded down $1.86 on Tuesday, reaching $71.56. The company had a trading volume of 13,330,848 shares, compared to its average volume of 18,302,730. The firm has a market capitalization of $150.68 billion, a PE ratio of 35.89, a P/E/G ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a 50-day moving average of $75.51 and a 200-day moving average of $71.16. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period last year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Royal Bank of Canada raised their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Roth Mkm lifted their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. DA Davidson lifted their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Truist Financial cut their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Six 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.51.

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.