Raiffeisen Bank International AG Sells 50,128 Shares of Uber Technologies, Inc. $UBER

Raiffeisen Bank International AG decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 731,053 shares of the ride-sharing company’s stock after selling 50,128 shares during the quarter. Uber Technologies comprises approximately 1.0% of Raiffeisen Bank International AG’s investment portfolio, making the stock its 22nd biggest holding. Raiffeisen Bank International AG’s holdings in Uber Technologies were worth $66,456,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the first quarter worth $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $28,000. Truvestments Capital LLC increased its stake in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Uber Technologies during the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd acquired a new position in Uber Technologies during the first quarter valued at approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UBER shares. Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a report on Tuesday, November 11th. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Barclays lowered their target price on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Trading Down 0.2%

Shares of Uber Technologies stock opened at $91.56 on Monday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $95.50 and its 200-day moving average is $91.82. The stock has a market cap of $190.24 billion, a P/E ratio of 11.77 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business 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 company earned $1.20 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction dated 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 directly owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 598,875 shares of company stock valued at $58,407,848. Company insiders own 3.70% of the company’s stock.

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.