GFG Capital LLC Takes $9.22 Million Position in Uber Technologies, Inc. $UBER

Key Points

• GFG Capital LLC has acquired a new stake in Uber Technologies, Inc., purchasing 98,815 shares valued at approximately $9.22 million, which represents 2.7% of their holdings.
• Uber's earnings report indicated an EPS of $0.63, surpassing analysts' expectations, with revenue of $12.65 billion for the quarter, marking an 18.2% year-over-year increase.
• Institutional investors own 80.24% of Uber stock, with several funds increasing their holdings significantly, indicating strong institutional interest in the company.

GFG Capital LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 98,815 shares of the ride-sharing company's stock, valued at approximately $9,219,000. Uber Technologies makes up 2.7% of GFG Capital LLC's holdings, making the stock its 14th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in shares of Uber Technologies in the second quarter worth approximately $96,000. Geneos Wealth Management Inc. boosted its stake in shares of Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock worth $7,483,000 after acquiring an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Uber Technologies by 42.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock worth $70,822,000 after acquiring an additional 226,960 shares during the last quarter. Kapstone Financial Advisors LLC acquired a new stake in shares of Uber Technologies in the second quarter worth approximately $415,000. Finally, Revolve Wealth Partners LLC boosted its stake 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 worth $939,000 after acquiring an additional 6,129 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

NYSE:UBER opened at $99.32 on Thursday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $207.12 billion, a P/E ratio of 16.92 and a beta of 1.48. The stock's fifty day moving average is $94.57 and its two-hundred day moving average is $87.55.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating 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 in the previous year, the business earned $0.47 earnings per share. The company's revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research analyst reports. Susquehanna lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. BMO Capital Markets boosted their price objective on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. KeyCorp boosted their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, Sanford C. Bernstein boosted their price objective on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $104.03.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This represents a 13.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 601,821 shares of company stock valued at $58,659,491. 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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