Banque Cantonale Vaudoise Invests $3.27 Million in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Banque Cantonale Vaudoise has made a new investment in Uber Technologies, acquiring approximately $3.27 million worth of stock by purchasing 44,845 shares in the first quarter.
• Insider sales at Uber include Jill Hazelbaker selling 34,884 shares and CFO Prashanth Mahendra-Rajah selling 2,750 shares, indicating a decrease in their ownership stakes.
• Analysts have positive outlooks for Uber, with price targets raised by several firms including Cantor Fitzgerald and Bank of America, reflecting a consensus price target of $100.71.

Banque Cantonale Vaudoise purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,845 shares of the ride-sharing company's stock, valued at approximately $3,267,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in Uber Technologies during the 4th quarter worth approximately $395,000. Orion Portfolio Solutions LLC raised its stake in Uber Technologies by 14.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 45,198 shares of the ride-sharing company's stock valued at $2,726,000 after purchasing an additional 5,563 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Uber Technologies by 20.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,369 shares of the ride-sharing company's stock valued at $264,000 after purchasing an additional 756 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. Bank of America increased their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Needham & Company LLC set a $109.00 price target on Uber Technologies and gave the company a "buy" rating in a research note on Monday, July 14th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Finally, Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Ten investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $100.71.

Uber Technologies Stock Up 0.6%

NYSE:UBER traded up $0.49 during trading hours on Wednesday, hitting $87.60. 16,800,396 shares of the company traded hands, compared to its average volume of 15,642,950. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $183.19 billion, a PE ratio of 15.34, a PEG ratio of 1.00 and a beta of 1.40. The firm's 50-day simple moving average is $89.16 and its 200-day simple moving average is $79.94. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm earned ($0.32) EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. Company 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.