Free Trial

J. Safra Sarasin Holding AG Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Uber Technologies logo with Computer and Technology background

Key Points

  • J. Safra Sarasin Holding AG increased its stake in Uber Technologies by 174.6%, acquiring an additional 71,486 shares in the first quarter, bringing total holdings to 112,420 shares valued at $8.19 million.
  • Uber reported $0.83 earnings per share for the quarter, exceeding consensus estimates and marking a significant improvement from a loss in the previous year.
  • Recent analyst updates have included multiple buy ratings for Uber, with price targets raised to as high as $117.00, indicating strong market confidence.
  • Five stocks we like better than Uber Technologies.

J. Safra Sarasin Holding AG boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 174.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,420 shares of the ride-sharing company's stock after purchasing an additional 71,486 shares during the period. J. Safra Sarasin Holding AG's holdings in Uber Technologies were worth $8,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. increased its holdings 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 period. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the 1st quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER traded up $1.65 during trading hours on Monday, hitting $88.56. 15,068,075 shares of the company's stock traded hands, compared to its average volume of 17,033,008. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71. The firm has a market capitalization of $185.20 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.00 and a beta of 1.43. The business's fifty day moving average price is $89.12 and its two-hundred day moving average price is $80.47.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping 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 company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the firm earned ($0.32) EPS. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred 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 owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on UBER. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. TD Cowen cut their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus lifted their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Loop Capital reissued a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.

Read Our Latest Analysis on Uber Technologies

Uber Technologies Company 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.

Featured Articles

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Should You Invest $1,000 in Uber Technologies Right Now?

Before you consider Uber Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uber Technologies wasn't on the list.

While Uber Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines