Gallagher Capital Advisors LLC Makes New $1.19 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Gallagher Capital Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,376 shares of the ride-sharing company's stock, valued at approximately $1,193,000.

Several other institutional investors have also recently bought and sold shares of UBER. Brighton Jones LLC raised its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $395,000. Wealthspire Advisors LLC increased its stake in shares of Uber Technologies by 3.6% in the fourth quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company's stock valued at $1,570,000 after buying an additional 905 shares during the period. Finally, Howard Capital Management Inc. increased its stake in shares of Uber Technologies by 6.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,611 shares of the ride-sharing company's stock valued at $761,000 after buying an additional 757 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UBER. UBS Group upped their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $94.39.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $85.24 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The stock's 50 day moving average price is $83.77 and its two-hundred day moving average price is $74.60. The stock has a market capitalization of $178.25 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.07 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the firm earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.

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