Uber Technologies, Inc. (NYSE:UBER) Stock Position Raised by Swiss National Bank

Key Points

• The Swiss National Bank increased its holdings in Uber Technologies by 0.1%, owning approximately 5.35 million shares valued at about $389.4 million as of the latest SEC filing.
• Several analysts have raised their price targets for Uber, with ratings of "buy" and "overweight," suggesting positive outlooks and an average price target of $102.82.
• Uber reported a quarterly revenue of $12.65 billion, exceeding analysts' expectations and marking an 18.2% year-over-year increase.

Swiss National Bank lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,345,000 shares of the ride-sharing company's stock after buying an additional 3,400 shares during the period. Swiss National Bank owned approximately 0.26% of Uber Technologies worth $389,437,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the 4th quarter valued at $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the 1st quarter valued at $27,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

UBER stock traded up $1.49 on Monday, hitting $91.05. 8,143,522 shares of the company's stock traded hands, compared to its average volume of 22,304,938. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The stock has a market cap of $190.40 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 1.03 and a beta of 1.43. The stock has a fifty day moving average of $89.44 and a 200-day moving average of $81.25. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UBER shares. Royal Bank Of Canada lifted their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. UBS Group lifted their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday. Piper Sandler boosted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets boosted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $102.82.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by corporate insiders.

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.