Bank Pictet & Cie Europe AG Has $23.35 Million Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Bank Pictet & Cie Europe AG increased its stake in Uber Technologies by 1,902.0% during the 2nd quarter, bringing its total holdings to $23.35 million worth of shares.
• In recent insider trading, executive Jill Hazelbaker sold 31,250 shares, representing a 26.53% decrease in her ownership.
• Analysts have set an average price target of $103.06 for Uber Technologies, with ratings ranging from "Strong Buy" to "Hold".

Bank Pictet & Cie Europe AG increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1,902.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 250,236 shares of the ride-sharing company's stock after buying an additional 237,737 shares during the period. Bank Pictet & Cie Europe AG's holdings in Uber Technologies were worth $23,347,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kozak & Associates Inc. boosted its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the first quarter worth $27,000. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the second quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC increased its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on 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 sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 604,571 shares of company stock worth $58,920,741. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Uber Technologies stock opened at $97.60 on Friday. The business has a 50 day moving average of $93.13 and a 200-day moving average of $85.95. The company has a market capitalization of $203.55 billion, a P/E ratio of 16.63 and a beta of 1.43. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its 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. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UBER shares. BMO Capital Markets boosted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Cowen reiterated a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Needham & Company LLC raised their price objective on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, KeyCorp upped their target price on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Uber Technologies Company 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.

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