Galvin Gaustad & Stein LLC Has $28.80 Million Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in Uber Technologies by 3.0% in Q2, maintaining approximately $28.8 million worth of shares, which makes up about 2.5% of its total portfolio.
• Several institutional investors, including Vanguard Group and Pershing Square Capital Management, increased their holdings in Uber Technologies, indicating strong institutional interest, with over 80% of shares owned by such investors.
• Insider trading activity included significant sales from executives, with insider Jill Hazelbaker and Tony West selling a total of 131,250 shares valued at over $13 million in recent transactions.

Galvin Gaustad & Stein LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,679 shares of the ride-sharing company's stock after selling 9,710 shares during the period. Uber Technologies comprises approximately 2.5% of Galvin Gaustad & Stein LLC's portfolio, making the stock its 6th biggest holding. Galvin Gaustad & Stein LLC's holdings in Uber Technologies were worth $28,800,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies in the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC grew its holdings in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Uber Technologies by 3.9% in the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock valued at $1,401,873,000 after acquiring an additional 720,122 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Uber Technologies by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock valued at $995,801,000 after acquiring an additional 394,157 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 100,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock valued at $58,659,491 in the last ninety days. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 3.2%

Shares of UBER stock opened at $96.06 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a market capitalization of $200.32 billion, a PE ratio of 16.36 and a beta of 1.48. The business's fifty day moving average is $94.73 and its 200 day moving average is $87.69.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm's revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBER. Stifel Nicolaus increased their price objective on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Canaccord Genuity Group reissued a "hold" rating and set a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Needham & Company LLC increased their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wedbush reduced their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Finally, BMO Capital Markets increased their price objective on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $104.03.

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.

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