Uber Technologies, Inc. $UBER Shares Sold by Lazard Freres Gestion S.A.S.

Key Points

• Lazard Freres Gestion S.A.S. has decreased its holdings in Uber Technologies by 27.4%, now owning 42,100 shares worth approximately $3.93 million.
• Uber's CEO, Dara Khosrowshahi, sold 150,000 shares valued at $15.07 million, reducing his ownership by 13.24%.
• Analysts have generally rated Uber positively, with targets as high as $115.00 and a current average rating of "Moderate Buy" among research firms.

Lazard Freres Gestion S.A.S. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,100 shares of the ride-sharing company's stock after selling 15,900 shares during the quarter. Lazard Freres Gestion S.A.S.'s holdings in Uber Technologies were worth $3,927,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Uber Technologies during the second quarter valued at approximately $612,000. AlTi Global Inc. increased its position in shares of Uber Technologies by 1.7% during the 2nd quarter. AlTi Global Inc. now owns 513,209 shares of the ride-sharing company's stock valued at $47,919,000 after purchasing an additional 8,453 shares during the period. Cardinal Point Capital Management ULC boosted its stake in shares of Uber Technologies by 1.5% during the 2nd quarter. Cardinal Point Capital Management ULC now owns 13,425 shares of the ride-sharing company's stock worth $1,253,000 after acquiring an additional 200 shares in the last quarter. Guardian Asset Advisors LLC boosted its stake in shares of Uber Technologies by 22.1% during the 2nd quarter. Guardian Asset Advisors LLC now owns 11,600 shares of the ride-sharing company's stock worth $1,082,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its stake in shares of Uber Technologies by 25.5% during the 2nd quarter. Carnegie Investment Counsel now owns 428,751 shares of the ride-sharing company's stock worth $40,002,000 after acquiring an additional 87,108 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares of the company's stock, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock valued at $58,950,116 in the last quarter. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

UBER opened at $94.57 on Friday. The company has a fifty day simple moving average of $95.40 and a 200 day simple moving average of $89.18. The stock has a market cap of $197.21 billion, a P/E ratio of 16.11 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

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

Analyst Ratings Changes

A number of analysts recently issued reports on UBER shares. Needham & Company LLC lifted their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Bank of America boosted their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Guggenheim raised Uber Technologies to a "strong-buy" rating in a research report on Wednesday, October 15th. Barclays restated an "overweight" rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Cowen reiterated a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $105.70.

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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