J. Safra Sarasin Holding AG Purchases 129,512 Shares of Uber Technologies, Inc. $UBER

J. Safra Sarasin Holding AG boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 91.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,608 shares of the ride-sharing company’s stock after buying an additional 129,512 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Uber Technologies were worth $26,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Phoenix Financial Ltd. increased its position in shares of Uber Technologies by 47.5% in the third quarter. Phoenix Financial Ltd. now owns 160,017 shares of the ride-sharing company’s stock valued at $15,680,000 after acquiring an additional 51,519 shares during the period. CFM Wealth Partners LLC bought a new stake in shares of Uber Technologies in the third quarter worth about $208,000. Paragon Private Wealth Management LLC increased its holdings in Uber Technologies by 185.1% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 8,113 shares of the ride-sharing company’s stock valued at $795,000 after purchasing an additional 5,267 shares during the period. Alta Wealth Advisors LLC purchased a new position in Uber Technologies during the 3rd quarter valued at about $1,179,000. Finally, Bensler LLC raised its position in Uber Technologies by 6.2% during the 3rd quarter. Bensler LLC now owns 123,642 shares of the ride-sharing company’s stock valued at $12,113,000 after purchasing an additional 7,206 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the transaction, the insider owned 176,584 shares of the company’s stock, valued at $14,744,764. The trade was a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,875 shares of company stock worth $1,319,130 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $81.96 on Tuesday. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99. The firm’s 50-day simple moving average is $84.45 and its two-hundred day simple moving average is $90.56. The stock has a market cap of $170.30 billion, a PE ratio of 10.53 and a beta of 1.20. 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 released its earnings results 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 firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UBER shares. Cantor Fitzgerald reduced their target price on Uber Technologies from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. DA Davidson boosted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. BMO Capital Markets dropped their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. UBS Group set a $122.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Morgan Stanley cut their price objective on Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.97.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.