Edmond DE Rothschild Holding S.A. Has $3.25 Million Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Edmond DE Rothschild Holding S.A. has decreased its position in Uber Technologies by 49.7%, holding 44,594 shares valued at about $3.25 million as of the latest quarter.
• Notable institutional investors, including Claar Advisors LLC and Clark Capital Management Group Inc., have increased their stakes in Uber, showcasing overall institutional interest in the company.
• Wall Street analysts are optimistic about Uber, with several raising their price targets significantly, reflecting a consensus rating of "Moderate Buy" and an average price target of $102.82.

Edmond DE Rothschild Holding S.A. reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 49.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,594 shares of the ride-sharing company's stock after selling 44,096 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Uber Technologies were worth $3,249,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Claar Advisors LLC raised its stake in Uber Technologies by 1.3% during the 1st quarter. Claar Advisors LLC now owns 131,645 shares of the ride-sharing company's stock worth $9,592,000 after buying an additional 1,745 shares during the period. Clark Capital Management Group Inc. raised its stake in Uber Technologies by 44.7% during the 1st quarter. Clark Capital Management Group Inc. now owns 582,362 shares of the ride-sharing company's stock worth $42,431,000 after buying an additional 179,840 shares during the period. Bosun Asset Management LLC raised its stake in Uber Technologies by 26.9% during the 1st quarter. Bosun Asset Management LLC now owns 22,863 shares of the ride-sharing company's stock worth $1,666,000 after buying an additional 4,849 shares during the period. Banque Transatlantique SA raised its stake in Uber Technologies by 10,485.5% during the 1st quarter. Banque Transatlantique SA now owns 5,822 shares of the ride-sharing company's stock worth $392,000 after buying an additional 5,767 shares during the period. Finally, AQR Capital Management LLC raised its stake in Uber Technologies by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 2,023,499 shares of the ride-sharing company's stock worth $144,518,000 after buying an additional 357,345 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider directly owned 170,269 shares of the company's stock, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,696 shares of company stock valued at $4,632,774. Insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UBER shares. Susquehanna upped their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Needham & Company LLC upped their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Bank of America boosted 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. KeyCorp boosted their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Canaccord Genuity Group reissued a "hold" rating and set a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Stock Performance

UBER stock opened at $92.08 on Friday. The firm has a market cap of $192.03 billion, a PE ratio of 15.69, a P/E/G ratio of 1.07 and a beta of 1.43. 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 has a 50 day moving average of $92.43 and a 200-day moving average of $83.95. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.