Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Lazard Freres Gestion S.A.S.

Key Points

• Lazard Freres Gestion S.A.S. increased its stake in Uber Technologies by 7.4% in Q1, owning 58,000 shares valued at approximately $4.23 million.
• Uber's recent earnings report showed an EPS of $0.83 exceeding estimates, with revenues reaching $11.53 billion, reflecting a 13.8% year-over-year increase.
• A majority of analysts have rated Uber a "buy," with a consensus target price of $100.26, highlighting ongoing positive sentiment towards the company's performance.

Lazard Freres Gestion S.A.S. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,000 shares of the ride-sharing company's stock after purchasing an additional 4,000 shares during the period. Lazard Freres Gestion S.A.S.'s holdings in Uber Technologies were worth $4,225,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on UBER shares. Wells Fargo & Company raised their target price on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. TD Cowen cut their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. The Goldman Sachs Group raised their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Barclays upped their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $100.71.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were 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 directly owned 102,135 shares in the company, 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 have sold a total of 40,384 shares of company stock worth $3,496,071 over the last three months. 3.70% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of UBER traded down $3.41 during midday trading on Tuesday, reaching $87.19. 24,941,633 shares of the stock were exchanged, compared to its average volume of 15,250,838. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $182.33 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.04 and a beta of 1.40. The business's 50-day moving average price is $89.25 and its 200 day moving average price is $79.89.

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

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.