Uber Technologies, Inc. $UBER Stake Boosted by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG increased its stake in Uber Technologies, Inc. by 26.4%, owning 142,096 shares valued at approximately $13.26 million after acquiring additional shares in the second quarter.
• Insider transactions saw Tony West sell 100,000 shares for over $10 million, reducing his ownership by 36.82%, while another executive sold over $1 million worth of shares in August.
• Uber's market analysts issue positive forecasts, with several targeting share prices as high as $130, indicating a consensus rating of "Moderate Buy" for the stock.

J. Safra Sarasin Holding AG raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,096 shares of the ride-sharing company's stock after purchasing an additional 29,676 shares during the period. J. Safra Sarasin Holding AG's holdings in Uber Technologies were worth $13,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kozak & Associates Inc. boosted its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC bought a new position in Uber Technologies in the first quarter worth about $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Uber Technologies by 305.1% during the 1st 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. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 100,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock worth $58,920,741 over the last three months. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 0.1%

Uber Technologies stock opened at $96.51 on Friday. The firm has a market cap of $201.27 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm's 50 day moving average price is $93.83 and its two-hundred day moving average price is $86.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share 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 return on equity of 59.96% and a net margin of 26.68%.The company's revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Barclays reiterated an "overweight" rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Raymond James Financial upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Finally, Mizuho started coverage on shares of Uber Technologies in a research note on Monday. They set an "outperform" rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $104.09.

About Uber Technologies

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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