Pictet Asset Management Holding SA Purchases 94,508 Shares of Uber Technologies, Inc. $UBER

Key Points

• Pictet Asset Management increased its Uber stake by 2.9%, buying 94,508 shares in the third quarter. It held about 3.34 million shares, valued at roughly $229 million.
• Uber reported quarterly revenue of $14.77 billion and adjusted EPS of $0.88, topping analyst estimates; revenue grew 9.6% year over year.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $101.82, though several firms recently lowered their targets.

Pictet Asset Management Holding SA raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,342,977 shares of the ride-sharing company's stock after acquiring an additional 94,508 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.16% of Uber Technologies worth $229,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Dunhill Financial LLC acquired a new position in Uber Technologies in the 2nd quarter valued at $28,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Uber Technologies in the 2nd quarter valued at $29,000. William Mack & Associates Inc. acquired a new stake in Uber Technologies during the 3rd quarter worth $28,000. Elevation Wealth Partners LLC boosted its stake in Uber Technologies by 209.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 277 shares during the last quarter. Finally, Balance Wealth Partners LLC acquired a new stake in Uber Technologies during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other news, insider Andrew Macdonald bought 70,000 shares of Uber Technologies stock in a transaction on Friday, September 4th. The shares were bought at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares of the company's stock, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 28,170 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the transaction, the insider owned 149,525 shares in the company, valued at $10,662,627.75. The trade was a 15.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.81% of the stock is owned by company insiders.

Uber Technologies Stock Down 0.2%

Shares of UBER opened at $68.63 on Friday. Uber Technologies, Inc. has a 52-week low of $64.04 and a 52-week high of $95.18. The company has a market capitalization of $140.18 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 8.83 and a beta of 1.33. The stock has a fifty day simple moving average of $70.14 and a two-hundred day simple moving average of $73.03. The company has a quick ratio of 0.84, a current ratio of 1.23 and a debt-to-equity ratio of 0.55.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. The business had revenue of $14.77 billion for the quarter, compared to analyst estimates of $14.66 billion. Uber Technologies had a return on equity of 21.37% and a net margin of 6.13%. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.11 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 3.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UBER shares. Susquehanna reduced their target price on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Thursday, August 6th. Cantor Fitzgerald restated an "overweight" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday. Needham & Company LLC dropped their price objective on shares of Uber Technologies from $109.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday. Gordon Haskett upped their price objective on shares of Uber Technologies from $113.00 to $118.00 in a research note on Thursday, September 10th. Finally, KeyCorp cut their price objective on shares of Uber Technologies from $105.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $101.82.

More Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

About Uber Technologies

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber's platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.

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