Banque Pictet & Cie SA Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Banque Pictet & Cie SA grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 123,456 shares of the ride-sharing company's stock after buying an additional 7,417 shares during the period. Banque Pictet & Cie SA's holdings in Uber Technologies were worth $8,995,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UBER. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the first quarter worth about $27,000. Kozak & Associates Inc. increased 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 buying an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the last quarter. Perkins Coie Trust Co increased its stake in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 0.7%

Uber Technologies stock traded up $0.70 during mid-day trading on Thursday, reaching $97.34. The stock had a trading volume of 8,548,129 shares, compared to its average volume of 21,211,986. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.72. The stock's 50-day simple moving average is $87.94 and its 200-day simple moving average is $77.06. The firm has a market capitalization of $203.55 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the firm posted ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UBER shares. KeyCorp increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Canaccord Genuity Group reissued a "hold" rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $95.97.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 sale, the insider owned 102,135 shares of the company's stock, 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. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 in the last 90 days. 3.84% of the stock is currently owned by company insiders.

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.