Bank Julius Baer & Co. Ltd Zurich Buys 1,787,746 Shares of Uber Technologies, Inc. (NYSE:UBER)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 770.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,019,843 shares of the ride-sharing company’s stock after buying an additional 1,787,746 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Uber Technologies were worth $131,372,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UBER. Avidian Wealth Enterprises LLC bought a new position in shares of Uber Technologies in the third quarter worth approximately $292,000. Principal Financial Group Inc. raised its holdings in Uber Technologies by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company’s stock worth $184,919,000 after acquiring an additional 162,528 shares during the last quarter. Western Pacific Wealth Management LP lifted its position in Uber Technologies by 16.0% in the 3rd quarter. Western Pacific Wealth Management LP now owns 4,714 shares of the ride-sharing company’s stock valued at $354,000 after acquiring an additional 650 shares in the last quarter. BloombergSen Inc. boosted its stake in Uber Technologies by 49.3% during the 3rd quarter. BloombergSen Inc. now owns 17,916 shares of the ride-sharing company’s stock valued at $1,347,000 after purchasing an additional 5,914 shares during the last quarter. Finally, Lewis Asset Management LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth $960,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $76.38 on Friday. The business’s 50-day simple moving average is $70.92 and its two-hundred day simple moving average is $71.64. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market cap of $159.55 billion, a PE ratio of 16.75, a P/E/G ratio of 0.89 and a beta of 1.39. 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 issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UBER shares. Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Citigroup lowered their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.71.

Uber Technologies 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.