Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,341,600 shares of the ride-sharing company’s stock after selling 240,200 shares during the period. Swiss National Bank’s holdings in Uber Technologies were worth $322,205,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Teachers Retirement System of The State of Kentucky boosted its stake in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies in the third quarter worth $2,302,000. Polianta Ltd acquired a new stake in shares of Uber Technologies during the fourth quarter worth $1,206,000. Allworth Financial LP lifted its stake in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares during the period. Finally, Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies during the third quarter valued at $1,041,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Stock Up 0.9 %

UBER opened at $71.29 on Thursday. The company has a market cap of $148.92 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a 50-day moving average price of $71.59 and a 200 day moving average price of $71.59. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by company insiders.

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.