Overbrook Management Corp Has $21.67 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Overbrook Management Corp reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 36.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,477 shares of the ride-sharing company’s stock after selling 161,813 shares during the period. Uber Technologies accounts for about 5.8% of Overbrook Management Corp’s investment portfolio, making the stock its 4th largest holding. Overbrook Management Corp’s holdings in Uber Technologies were worth $21,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Vanguard Group Inc. lifted its stake in Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after acquiring an additional 43,275,830 shares during the period. Capital World Investors lifted its position in Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors boosted its holdings in Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after purchasing an additional 8,164,816 shares during the last quarter. Norges Bank bought a new stake in Uber Technologies in the 4th quarter worth approximately $1,415,778,000. Finally, Brown Advisory Inc. raised its stake in Uber Technologies by 14.7% during the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $1,107,745,000 after buying an additional 2,307,763 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on UBER shares. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, May 16th. Jefferies Financial Group reduced their target price on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Wednesday, May 15th. Oppenheimer reiterated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Finally, Tigress Financial upped their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.34.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the sale, the insider now directly owns 124,945 shares in the company, valued at approximately $8,518,750.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 635,984 shares of company stock worth $42,258,297. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $0.52 during midday trading on Thursday, hitting $70.33. The company’s stock had a trading volume of 9,649,019 shares, compared to its average volume of 19,449,385. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $146.96 billion, a P/E ratio of 113.44, a P/E/G ratio of 1.57 and a beta of 1.37. The firm’s 50 day moving average is $67.83 and its 200-day moving average is $69.66.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 0.84 earnings per share for the current fiscal year.

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.