Lbp Am Sa Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

LBP AM SA raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,211,730 shares of the ride-sharing company's stock after purchasing an additional 97,823 shares during the period. Uber Technologies accounts for about 1.4% of LBP AM SA's portfolio, making the stock its 14th biggest position. LBP AM SA owned about 0.06% of Uber Technologies worth $88,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings 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 buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $395,000. Proficio Capital Partners LLC increased its holdings in Uber Technologies by 3.2% during the 4th quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock worth $4,259,000 after purchasing an additional 2,184 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in Uber Technologies by 121.5% during the 4th quarter. Edgestream Partners L.P. now owns 22,395 shares of the ride-sharing company's stock worth $1,351,000 after purchasing an additional 12,283 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on UBER shares. Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Canaccord Genuity Group restated 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. TD Cowen reduced their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group raised their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.97.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated 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 in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,496,071 in the last 90 days. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

UBER stock traded down $0.25 during midday trading on Thursday, reaching $96.39. The stock had a trading volume of 15,642,616 shares, compared to its average volume of 21,263,902. The stock has a market cap of $201.57 billion, a PE ratio of 16.88, a P/E/G ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day simple moving average of $88.25 and a two-hundred day simple moving average of $77.30. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72.

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

About Uber Technologies

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.