Global Trust Asset Management LLC Has $473,000 Stake in Uber Technologies, Inc. $UBER

Key Points

• Global Trust Asset Management LLC increased its stake in Uber Technologies by 170.1% during Q2, holding 5,065 shares valued at approximately $473,000.
• Several hedge funds, including Brighton Jones LLC and Revolve Wealth Partners LLC, have significantly increased their holdings in Uber, contributing to a total institutional ownership of 80.24% in the company.
• Analysts have updated their ratings on Uber, with BMO Capital Markets and Royal Bank of Canada issuing new price targets, reflecting strong market interest alongside an average rating of "Moderate Buy."

Global Trust Asset Management LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 170.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,065 shares of the ride-sharing company's stock after buying an additional 3,190 shares during the quarter. Global Trust Asset Management LLC's holdings in Uber Technologies were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its stake in 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 buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its position in shares of 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 purchasing an additional 6,129 shares during the period. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after purchasing an additional 641 shares during the period. Versant Capital Management Inc raised its position in shares of Uber Technologies by 251.3% during the first quarter. Versant Capital Management Inc now owns 4,398 shares of the ride-sharing company's stock worth $320,000 after purchasing an additional 3,146 shares during the period. Finally, AdvisorNet Financial Inc raised its position in shares of Uber Technologies by 5.0% during the first quarter. AdvisorNet Financial Inc now owns 11,922 shares of the ride-sharing company's stock worth $869,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. Royal Bank Of Canada raised their price target on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets raised their price target on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Finally, Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.30.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction that occurred 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 transaction, the insider owned 171,558 shares of the company's stock, valued at $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,571 shares of company stock worth $58,920,741 in the last three months. 3.70% of the stock is owned by company insiders.

Uber Technologies Stock Up 0.8%

UBER stock opened at $98.37 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The business has a 50 day moving average price of $93.29 and a two-hundred day moving average price of $86.36. The company has a market cap of $205.14 billion, a price-to-earnings ratio of 16.76 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the company posted $0.47 EPS. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.

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