Galvin Gaustad & Stein LLC Has $23.20 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Galvin Gaustad & Stein LLC increased its stake in Uber Technologies by 7.0%, acquiring an additional 20,844 shares, bringing their total ownership to 318,389 shares valued at approximately $23.2 million.
• Several other institutional investors, including Capital Research Global Investors and Northern Trust Corp, have significantly increased their stakes in Uber, indicating a strong institutional interest with institutional ownership now at 80.24%.
• Uber Technologies reported a net margin of 27.07% and earnings per share of $0.83 for the latest quarter, surpassing analysts' expectations while also showing a 13.8% increase in year-over-year revenue.

Galvin Gaustad & Stein LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,389 shares of the ride-sharing company's stock after purchasing an additional 20,844 shares during the period. Uber Technologies accounts for 2.1% of Galvin Gaustad & Stein LLC's investment portfolio, making the stock its 15th biggest position. Galvin Gaustad & Stein LLC's holdings in Uber Technologies were worth $23,198,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares in the last quarter. Capital World Investors boosted its stake in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Northern Trust Corp increased its stake in Uber Technologies by 9.0% during the 4th quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock worth $1,117,158,000 after buying an additional 1,528,168 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Uber Technologies by 13.4% in the 4th quarter. Schroder Investment Management Group now owns 7,272,915 shares of the ride-sharing company's stock worth $438,702,000 after buying an additional 860,257 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 3.8%

Shares of Uber Technologies stock traded down $3.41 during midday trading on Tuesday, hitting $87.19. The company's stock had a trading volume of 24,941,633 shares, compared to its average volume of 22,360,287. The firm has a market capitalization of $182.33 billion, a P/E ratio of 15.27, a PEG ratio of 1.05 and a beta of 1.40. The stock has a 50-day simple moving average of $89.25 and a 200-day simple moving average of $79.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 owned 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,496,071 over the last ninety days. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. DA Davidson raised their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. TD Cowen decreased their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays raised their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.71.

About Uber Technologies

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.