Uber Technologies, Inc. $UBER Shares Bought by GAM Holding AG

GAM Holding AG raised its position in Uber Technologies, Inc. (NYSE:UBER) by 21.3% during the 3rd quarter, Holdings Channel reports. The firm owned 133,510 shares of the ride-sharing company’s stock after acquiring an additional 23,476 shares during the quarter. GAM Holding AG’s holdings in Uber Technologies were worth $13,080,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Foster Group Inc. raised its position in Uber Technologies by 3.3% during the third quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock worth $330,000 after acquiring an additional 107 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its position in shares of Uber Technologies by 1.3% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company’s stock valued at $879,000 after purchasing an additional 115 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Uber Technologies by 38.6% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 118 shares in the last quarter. Warren Street Wealth Advisors LLC raised its position in shares of Uber Technologies by 5.0% during the 3rd quarter. Warren Street Wealth Advisors LLC now owns 2,554 shares of the ride-sharing company’s stock worth $250,000 after purchasing an additional 122 shares during the last quarter. Finally, Nova Wealth Management Inc. grew its holdings in Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $82.76 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a market cap of $171.96 billion, a PE ratio of 10.64 and a beta of 1.20. The company’s fifty day simple moving average is $87.66 and its 200-day simple moving average is $91.31. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the sale, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,875 shares of company stock worth $1,348,818 in the last quarter. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Erste Group Bank lowered Uber Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Stifel Nicolaus set a $122.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. Arete Research set a $125.00 price objective on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Uber Technologies 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.