Zurcher Kantonalbank Zurich Cantonalbank Has $4.95 Million Holdings in Uber Technologies Inc (NYSE:UBER)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Uber Technologies Inc (NYSE:UBER) by 40.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,263 shares of the ride-sharing company’s stock after acquiring an additional 46,056 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Uber Technologies were worth $4,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Uber Technologies by 270.6% in the 4th quarter. Advisors Asset Management Inc. now owns 5,352 shares of the ride-sharing company’s stock valued at $159,000 after buying an additional 3,908 shares during the last quarter. Baird Financial Group Inc. increased its stake in Uber Technologies by 175.2% in the 4th quarter. Baird Financial Group Inc. now owns 35,081 shares of the ride-sharing company’s stock valued at $1,043,000 after buying an additional 22,334 shares during the last quarter. Alliancebernstein L.P. increased its stake in Uber Technologies by 534.0% in the 4th quarter. Alliancebernstein L.P. now owns 644,804 shares of the ride-sharing company’s stock valued at $19,176,000 after buying an additional 543,106 shares during the last quarter. Geode Capital Management LLC increased its stake in Uber Technologies by 38.2% in the 4th quarter. Geode Capital Management LLC now owns 2,255,191 shares of the ride-sharing company’s stock valued at $67,012,000 after buying an additional 623,445 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Uber Technologies by 45.7% in the 4th quarter. Macquarie Group Ltd. now owns 443,433 shares of the ride-sharing company’s stock valued at $13,188,000 after buying an additional 139,118 shares during the last quarter. Institutional investors own 62.87% of the company’s stock.

Several research firms have commented on UBER. Bank of America reiterated a “buy” rating and issued a $42.00 price objective on shares of Uber Technologies in a research note on Thursday, June 4th. Cfra upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $34.00 to $36.00 in a research note on Friday, May 8th. Piper Sandler restated a “hold” rating on shares of Uber Technologies in a research note on Wednesday, June 17th. Guggenheim raised their price target on shares of Uber Technologies from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, UBS Group restated a “buy” rating and set a $38.00 price target on shares of Uber Technologies in a research note on Thursday, May 14th. Three research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.78.

In other news, Director Garrett Camp sold 170,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $30.54, for a total transaction of $5,191,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $30.71, for a total transaction of $61,420.00. Following the sale, the insider now owns 292,429 shares in the company, valued at approximately $8,980,494.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 542,000 shares of company stock worth $16,977,620. Corporate insiders own 8.66% of the company’s stock.

Uber Technologies stock opened at $30.26 on Friday. The firm’s fifty day moving average price is $31.83 and its 200-day moving average price is $32.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market cap of $52.47 billion, a P/E ratio of -3.91 and a beta of 1.19. Uber Technologies Inc has a fifty-two week low of $13.71 and a fifty-two week high of $43.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported ($0.64) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.15. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Uber Technologies had a negative net margin of 71.48% and a negative return on equity of 58.70%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted ($2.26) EPS. On average, analysts predict that Uber Technologies Inc will post -3.63 earnings per share for the current year.

Uber Technologies Profile

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

See Also: Equal Weight Rating

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies Inc (NYSE:UBER).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.