Napean Trading & Investment Co Singapore PTE Ltd Has $5.84 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Napean Trading & Investment Co Singapore PTE Ltd trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,310 shares of the ride-sharing company’s stock after selling 27,430 shares during the period. Uber Technologies accounts for 1.4% of Napean Trading & Investment Co Singapore PTE Ltd’s holdings, making the stock its 27th largest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Uber Technologies were worth $5,837,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fiducient Advisors LLC raised its holdings in Uber Technologies by 0.8% in the 2nd quarter. Fiducient Advisors LLC now owns 143,227 shares of the ride-sharing company’s stock valued at $10,410,000 after acquiring an additional 1,121 shares in the last quarter. MainStreet Investment Advisors LLC bought a new position in shares of Uber Technologies in the second quarter worth $1,806,000. Chris Bulman Inc acquired a new position in Uber Technologies in the second quarter valued at about $114,000. Strategic Financial Concepts LLC bought a new stake in Uber Technologies during the second quarter worth about $814,000. Finally, Oxbow Advisors LLC grew its stake in Uber Technologies by 7.1% during the second quarter. Oxbow Advisors LLC now owns 7,545 shares of the ride-sharing company’s stock worth $548,000 after buying an additional 500 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective for the company. Roth Mkm raised their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Cantor Fitzgerald initiated coverage on Uber Technologies in a research note on Thursday. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, Bank of America restated a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $87.60.

Uber Technologies Stock Performance

Shares of UBER stock opened at $69.58 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The business’s 50 day simple moving average is $69.53 and its 200 day simple moving average is $71.22. The stock has a market capitalization of $146.18 billion, a PE ratio of 112.23, a PEG ratio of 1.28 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The disclosure for this sale can be found here. Insiders own 3.84% 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.