Banque Pictet & Cie SA Buys 111,659 Shares of Uber Technologies, Inc. (NYSE:UBER)

Banque Pictet & Cie SA grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2,549.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 116,039 shares of the ride-sharing company’s stock after buying an additional 111,659 shares during the quarter. Banque Pictet & Cie SA’s holdings in Uber Technologies were worth $6,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $35,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $33,000. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $79.31 on Friday. The stock has a market capitalization of $167.00 billion, a P/E ratio of 17.39, a PEG ratio of 0.81 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $66.01 and its 200 day moving average is $70.48. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UBER shares. Wells Fargo & Company cut their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Loop Capital boosted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.70.

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.