Quintet Private Bank Europe S.A. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Quintet Private Bank Europe S.A. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,329 shares of the ride-sharing company’s stock after acquiring an additional 1,000 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Uber Technologies were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Hilltop Holdings Inc. increased its holdings in shares of Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after acquiring an additional 157 shares during the last quarter. Drive Wealth Management LLC boosted its position in Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after purchasing an additional 163 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Cigna Investments Inc. New boosted its position in Uber Technologies by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after purchasing an additional 178 shares during the period. Finally, Procyon Advisors LLC boosted its position in Uber Technologies by 3.6% during the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after purchasing an additional 182 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock worth $42,258,297 in the last 90 days. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 1.1 %

UBER stock traded down $0.80 during mid-day trading on Friday, hitting $70.06. The stock had a trading volume of 11,601,130 shares, compared to its average volume of 16,141,174. The stock has a market capitalization of $146.39 billion, a price-to-earnings ratio of 113.00, a PEG ratio of 1.54 and a beta of 1.37. The company has a fifty day moving average of $68.47 and a 200 day moving average of $68.99. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Tigress Financial boosted their price target on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. JMP Securities reiterated a “market outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, May 16th. Finally, Oppenheimer reiterated an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.47.

Uber Technologies Company 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.