Pictet Asset Management Holding SA Has $189.77 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Pictet Asset Management Holding SA cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,146,094 shares of the ride-sharing company's stock after selling 733,397 shares during the period. Pictet Asset Management Holding SA owned approximately 0.15% of Uber Technologies worth $189,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Uber Technologies by 11.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,877,723 shares of the ride-sharing company's stock valued at $113,264,000 after purchasing an additional 189,158 shares during the period. New Age Alpha Advisors LLC increased its holdings in Uber Technologies by 1,066.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 111,932 shares of the ride-sharing company's stock valued at $6,752,000 after buying an additional 102,332 shares during the period. Weik Capital Management acquired a new position in shares of Uber Technologies in the 4th quarter valued at $645,000. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter worth about $1,467,754,000. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Uber Technologies during the 4th quarter worth about $4,664,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company's stock.

Remove Ads

Uber Technologies Stock Up 0.1 %

Shares of UBER traded up $0.08 during mid-day trading on Monday, hitting $72.83. 8,952,560 shares of the company's stock were exchanged, compared to its average volume of 20,054,954. The company has a 50-day simple moving average of $73.44 and a 200 day simple moving average of $71.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $152.35 billion, a PE ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. 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 announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. JPMorgan Chase & Co. dropped their target price on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

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.