GAMMA Investing LLC Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

GAMMA Investing LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30,469.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,657,784 shares of the ride-sharing company's stock after buying an additional 1,652,361 shares during the quarter. GAMMA Investing LLC owned about 0.08% of Uber Technologies worth $120,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Navalign LLC raised its holdings in shares of Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after acquiring an additional 126 shares in the last quarter. Welch & Forbes LLC grew its holdings in Uber Technologies by 3.9% during the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after acquiring an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after purchasing an additional 150 shares during the period. United Advisor Group LLC increased its position in Uber Technologies by 3.6% during the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after purchasing an additional 153 shares during the period. Finally, Fairfield Financial Advisors LTD raised its holdings in shares of Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 170 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company'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 completion of the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Evercore ISI lowered their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company lifted their price target on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Truist Financial upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Stock Performance

UBER stock traded down $1.05 during midday trading on Tuesday, reaching $82.59. The stock had a trading volume of 25,658,648 shares, compared to its average volume of 20,596,589. The firm has a fifty day simple moving average of $79.53 and a two-hundred day simple moving average of $73.11. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $172.72 billion, a PE ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the business posted ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.