Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,934 shares of the ride-sharing company's stock after purchasing an additional 9,158 shares during the period. J. Safra Sarasin Holding AG's holdings in Uber Technologies were worth $2,469,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UBER. Avion Wealth grew its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC purchased a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies in the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its position in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 0.5 %

UBER stock traded down $0.36 during midday trading on Friday, hitting $77.74. The company's stock had a trading volume of 20,036,447 shares, compared to its average volume of 23,373,525. The firm has a 50-day simple moving average of $73.68 and a 200-day simple moving average of $71.49. The firm has a market capitalization of $162.62 billion, a P/E ratio of 17.05, a PEG ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UBER. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Piper Sandler restated an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.81.

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.