Pictet North America Advisors SA Acquires Shares of 34,563 Uber Technologies, Inc. $UBER

Pictet North America Advisors SA purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 34,563 shares of the ride-sharing company’s stock, valued at approximately $3,386,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Westend Capital Management LLC bought a new stake in Uber Technologies in the 3rd quarter valued at about $27,000. Kilter Group LLC acquired a new stake in Uber Technologies during the second quarter valued at approximately $26,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the second quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $30,000. Finally, Total Investment Management Inc. bought a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $32,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the sale, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,875 shares of company stock worth $1,348,818 over the last three months. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a report on Thursday, December 18th. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada set a $110.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Truist Financial upped their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Uber Technologies Trading Up 1.3%

Shares of Uber Technologies stock opened at $82.76 on Friday. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. The company has a market capitalization of $171.96 billion, a P/E ratio of 10.64 and a beta of 1.20. The stock has a fifty day simple moving average of $87.66 and a 200 day simple moving average of $91.31. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.