Banque Transatlantique SA Has $392,000 Stake in Uber Technologies, Inc. $UBER

Key Points

• Banque Transatlantique SA dramatically increased its stake in Uber Technologies by 10,485.5% during the first quarter, owning 5,822 shares valued at approximately $392,000.
• Other institutional investors, including Vanguard Group and Boston Partners, also boosted their holdings, indicating strong institutional interest with 80.24% of the stock owned by institutional investors and hedge funds.
• Uber Technologies reported a net margin of 26.68% and revenue of $12.65 billion in the recent quarter, exceeding analysts' expectations and showcasing substantial growth compared to the previous year.

Banque Transatlantique SA increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10,485.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,822 shares of the ride-sharing company's stock after purchasing an additional 5,767 shares during the quarter. Banque Transatlantique SA's holdings in Uber Technologies were worth $392,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UBER. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies in the fourth quarter worth about $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in Uber Technologies in the first quarter worth about $27,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies in the first quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UBER. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Roth Capital upped their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 14th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Finally, Wedbush cut their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's 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 owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock worth $4,632,774 over the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 1.2%

UBER stock traded down $1.09 during mid-day trading on Friday, reaching $90.89. 20,364,649 shares of the stock traded hands, compared to its average volume of 14,781,707. 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, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The company has a market cap of $189.54 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.05 and a beta of 1.43. The stock's fifty day moving average is $92.42 and its 200-day moving average is $84.01.

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

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.