Edmond DE Rothschild Holding S.A. Increases Stock Position in Uber Technologies, Inc. $UBER

Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 54.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,900 shares of the ride-sharing company’s stock after buying an additional 24,306 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Uber Technologies were worth $6,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the first quarter valued at about $27,000. West Oak Capital LLC acquired a new stake in Uber Technologies in the second quarter valued at approximately $28,000. Truvestments Capital LLC increased its position in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies during the second quarter worth $30,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $31,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $83.63 on Wednesday. The business’s 50-day moving average is $94.22 and its two-hundred day moving average is $91.97. The company has a market capitalization of $173.76 billion, a P/E ratio of 10.75 and a beta of 1.46. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

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

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred 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 owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the transaction, the insider directly owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 567,625 shares of company stock worth $55,385,660. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. 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. Stifel Nicolaus set a $122.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Guggenheim decreased their price target on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company 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, Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

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.