Westpac Banking Corp Sells 26,226 Shares of Uber Technologies, Inc. (NYSE:UBER)

Westpac Banking Corp decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 37.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,290 shares of the ride-sharing company's stock after selling 26,226 shares during the quarter. Westpac Banking Corp's holdings in Uber Technologies were worth $2,611,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UBER. Teachers Retirement System of The State of Kentucky increased its position in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock worth $24,180,000 after buying an additional 13,433 shares during the period. Polianta Ltd acquired a new stake in Uber Technologies in the 4th quarter worth about $1,206,000. Allworth Financial LP boosted its holdings in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the period. Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $1,041,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Uber Technologies during the fourth quarter worth approximately $3,188,000. Institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of several recent research reports. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Piper Sandler reiterated an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Arete Research raised Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $90.41.

Remove Ads

Uber Technologies Stock Down 7.7 %

NYSE:UBER traded down $5.35 on Friday, hitting $64.50. The stock had a trading volume of 34,874,753 shares, compared to its average volume of 20,180,043. The company has a market cap of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The business's fifty day moving average is $73.75 and its 200 day moving average is $71.76. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% 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.