Bank of Hawaii Cuts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Bank of Hawaii lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 85.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redwood Investment Management LLC purchased a new position in shares of Uber Technologies in the 1st quarter valued at about $259,000. Tidal Investments LLC grew its holdings in Uber Technologies by 147.5% during the 1st quarter. Tidal Investments LLC now owns 165,951 shares of the ride-sharing company’s stock worth $12,777,000 after acquiring an additional 98,897 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $9,046,000. SkyView Investment Advisors LLC lifted its position in shares of Uber Technologies by 2.0% during the 1st quarter. SkyView Investment Advisors LLC now owns 27,595 shares of the ride-sharing company’s stock worth $2,125,000 after purchasing an additional 547 shares during the last quarter. Finally, Hancock Whitney Corp acquired a new position in shares of Uber Technologies during the first quarter worth $15,379,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

Uber Technologies Price Performance

UBER stock opened at $73.43 on Tuesday. The stock’s 50 day moving average price is $75.51 and its 200 day moving average price is $71.16. The firm has a market cap of $154.62 billion, a P/E ratio of 36.53, a PEG ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of several research analyst reports. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Jefferies Financial Group upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company cut their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Loop Capital lifted their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.