Union Bancaire Privee UBP SA Grows Stock Position in Uber Technologies, Inc. $UBER

by · The Markets Daily

Union Bancaire Privee UBP SA raised its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 69.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,647 shares of the ride-sharing company’s stock after acquiring an additional 10,136 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Uber Technologies were worth $2,267,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares during the period. Geode Capital Management LLC boosted its position in Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after buying an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies during the first quarter valued at about $2,207,743,000. Norges Bank acquired a new stake in shares of Uber Technologies during the second quarter valued at about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its position in shares of Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This represents a 13.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 261,750 shares of company stock valued at $26,207,693. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UBER shares. Needham & Company LLC reissued a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Arete Research set a $125.00 target price on Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, December 3rd. BMO Capital Markets reduced their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Truist Financial raised their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, TD Cowen upped their price target on shares of Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

View Our Latest Stock Report on UBER

Uber Technologies Price Performance

Shares of NYSE UBER opened at $79.05 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $164.24 billion, a price-to-earnings ratio of 10.16 and a beta of 1.19. Uber Technologies, Inc. has a twelve month low of $59.75 and a twelve month high of $101.99. The business has a 50 day simple moving average of $90.67 and a 200-day simple moving average of $91.68.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same period last year, the business posted $1.20 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies Profile

(Free Report)

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.

See Also

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