Swiss National Bank Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Swiss National Bank lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,581,800 shares of the ride-sharing company's stock after purchasing an additional 35,200 shares during the quarter. Swiss National Bank owned 0.27% of Uber Technologies worth $419,528,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies in the 3rd quarter valued at $2,087,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock valued at $432,356,000 after buying an additional 512,591 shares during the period. Aptus Capital Advisors LLC grew its position in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company's stock worth $688,000 after buying an additional 1,383 shares in the last quarter. Lederer & Associates Investment Counsel CA bought a new position in Uber Technologies in the 3rd quarter worth about $799,000. Finally, Samlyn Capital LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $134,987,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company's stock, valued at $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UBER shares. BMO Capital Markets restated an "outperform" rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Roth Mkm raised their price objective on Uber Technologies from $89.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Finally, TD Cowen upped their target price on Uber Technologies from $88.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.32.

Uber Technologies Stock Up 2.5 %

Shares of NYSE UBER traded up $1.81 during trading on Friday, reaching $73.25. The company had a trading volume of 23,980,917 shares, compared to its average volume of 19,038,950. Uber Technologies, Inc. has a 12-month low of $53.15 and a 12-month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The business's 50-day moving average is $75.48 and its 200 day moving average is $71.08. The stock has a market cap of $154.24 billion, a PE ratio of 36.44, a P/E/G ratio of 0.73 and a beta of 1.34.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business's revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

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.