Uber Technologies, Inc. $UBER Stake Decreased by Octahedron Capital Management L.P.

Octahedron Capital Management L.P. lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 40.5% during the second quarter, HoldingsChannel reports. The fund owned 110,000 shares of the ride-sharing company’s stock after selling 75,000 shares during the period. Uber Technologies comprises approximately 7.7% of Octahedron Capital Management L.P.’s investment portfolio, making the stock its 6th biggest holding. Octahedron Capital Management L.P.’s holdings in Uber Technologies were worth $10,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC boosted its holdings in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares in the last quarter. IFP Advisors Inc grew its position in Uber Technologies by 17.4% during the first quarter. IFP Advisors Inc now owns 40,486 shares of the ride-sharing company’s stock worth $2,950,000 after buying an additional 6,009 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in Uber Technologies by 5.4% during the first quarter. J.W. Cole Advisors Inc. now owns 34,371 shares of the ride-sharing company’s stock worth $2,504,000 after buying an additional 1,766 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of several research analyst reports. Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. BMO Capital Markets decreased their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Monday. Piper Sandler set a $107.00 price target on Uber Technologies in a research note on Wednesday, November 5th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Two investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Price Performance

NYSE:UBER opened at $90.92 on Wednesday. The company’s 50-day moving average is $95.37 and its two-hundred day moving average is $91.94. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market cap of $188.92 billion, a price-to-earnings ratio of 11.69 and a beta of 1.46. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

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

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares in the company, valued at approximately $98,726,021.12. The trade was a 13.24% 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 the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 602,000 shares of company stock worth $58,695,660 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

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.