GAMMA Investing LLC Has $1.66 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

GAMMA Investing LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 319.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,753 shares of the ride-sharing company's stock after purchasing an additional 17,330 shares during the period. GAMMA Investing LLC's holdings in Uber Technologies were worth $1,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Brighton Jones LLC raised its holdings in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies during the fourth quarter worth $395,000. Whipplewood Advisors LLC acquired a new position in Uber Technologies during the fourth quarter worth $54,000. Finally, Kovack Advisors Inc. increased its holdings in Uber Technologies by 23.0% during the fourth quarter. Kovack Advisors Inc. now owns 9,803 shares of the ride-sharing company's stock worth $591,000 after buying an additional 1,830 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 1.7%

UBER opened at $91.54 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $94.38. The company has a 50-day simple moving average of $85.16 and a 200 day simple moving average of $75.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $191.43 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.16 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBER. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.85.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction 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 the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, 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 position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies 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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