Uber Technologies, Inc. $UBER Stock Holdings Lessened by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 85.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,511 shares of the ride-sharing company’s stock after selling 83,757 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Uber Technologies were worth $1,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. raised its stake in shares of Uber Technologies by 41.0% during the 1st 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 in the last quarter. Atticus Wealth Management LLC raised its position in Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 127 shares in the last quarter. Grove Bank & Trust raised its position in Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company’s stock valued at $1,030,000 after acquiring an additional 133 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after purchasing an additional 136 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Piper Sandler raised their target price on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. KeyCorp raised their price objective on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Mizuho initiated coverage on Uber Technologies in a research note on Monday. They issued an “outperform” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $104.09.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $97.94 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $93.58 and its two-hundred day moving average is $86.64. The company has a market cap of $204.25 billion, a P/E ratio of 16.68 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,571 shares of company stock worth $58,920,741. 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.