Clal Insurance Enterprises Holdings Ltd Reduces Stake in Uber Technologies, Inc. $UBER

Clal Insurance Enterprises Holdings Ltd cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,563 shares of the ride-sharing company’s stock after selling 2,021 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Uber Technologies were worth $1,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. raised its holdings in shares of Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Atticus Wealth Management LLC raised its stake in shares of Uber Technologies by 39.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 127 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of Uber Technologies by 4.4% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after buying an additional 129 shares during the last quarter. Clearstead Trust LLC lifted its holdings in shares of Uber Technologies by 0.5% in the 2nd quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after buying an additional 130 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of Uber Technologies by 0.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock worth $1,762,000 after buying an additional 132 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the transaction, the insider directly owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. This represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 602,000 shares of company stock valued at $58,695,660 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $90.92 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a fifty day moving average of $95.37 and a 200 day moving average of $91.94. The firm has a market cap of $188.92 billion, a PE ratio of 11.69 and a beta of 1.46. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $13.25 billion. During the same quarter last year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. DA Davidson lifted their price target on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Truist Financial lifted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a research report on Wednesday, October 29th. Finally, UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.26.

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.