Swiss National Bank Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Swiss National Bank grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,345,000 shares of the ride-sharing company's stock after purchasing an additional 3,400 shares during the quarter. Swiss National Bank owned approximately 0.26% of Uber Technologies worth $389,437,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in Uber Technologies during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Kozak & Associates Inc. boosted its stake in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the first quarter worth about $27,000. Finally, Vision Financial Markets LLC acquired a new position in Uber Technologies in the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. KeyCorp upped their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Stifel Nicolaus upped their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Bank of America lifted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Trading Up 3.8%

NYSE:UBER opened at $92.59 on Friday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.02. The business has a 50 day simple moving average of $89.33 and a 200 day simple moving average of $80.91. The firm has a market capitalization of $193.63 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.03 and a beta of 1.43.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction 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 in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on 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 directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

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.

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