GF Fund Management CO. LTD. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

GF Fund Management CO. LTD. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,842 shares of the ride-sharing company's stock, valued at approximately $571,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings 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 purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Uber Technologies during the fourth quarter worth $395,000. Keybank National Association OH boosted its holdings in shares of Uber Technologies by 17.2% in the 4th quarter. Keybank National Association OH now owns 34,504 shares of the ride-sharing company's stock worth $2,081,000 after buying an additional 5,071 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Uber Technologies by 3.2% in the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock valued at $4,259,000 after acquiring an additional 2,184 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 1.5%

UBER traded up $1.41 on Friday, hitting $93.46. The company had a trading volume of 8,112,562 shares, compared to its average volume of 21,089,075. The business's fifty day simple moving average is $86.90 and its 200 day simple moving average is $76.31. 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 12-month low of $54.84 and a 12-month high of $94.38. The company has a market cap of $195.43 billion, a PE ratio of 16.37, a PEG ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the company earned ($0.32) earnings per share. Uber Technologies's revenue was up 13.8% on a year-over-year basis. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on UBER shares. Wells Fargo & Company increased their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus began coverage on Uber Technologies in a report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price objective for the company. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Finally, Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.85.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction 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 owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on 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 sale, the chief financial officer owned 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

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.