GM Advisory Group LLC Boosts Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• GM Advisory Group LLC has increased its stake in Uber Technologies, Inc. by 14.1%, owning 121,005 shares valued at approximately $8.8 million, according to recent SEC filings.
• Several large investors have made new positions in Uber Technologies, with 80.24% of the stock held by hedge funds and institutional investors.
• Analysts have raised their price targets for Uber shares, with a consensus target of $102.82 and a majority rating of "Buy" or higher from research firms.

GM Advisory Group LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,005 shares of the ride-sharing company's stock after purchasing an additional 14,996 shares during the period. GM Advisory Group LLC's holdings in Uber Technologies were worth $8,816,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new position in Uber Technologies during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. raised its holdings in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies in the first quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new position in Uber Technologies in the first quarter valued at about $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UBER shares. Needham & Company LLC increased their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Susquehanna raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. DA Davidson raised their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus raised their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Uber Technologies Stock Up 1.5%

Shares of UBER opened at $95.3560 on Wednesday. The firm has a market cap of $198.86 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The company's fifty day moving average is $90.51 and its two-hundred day moving average is $82.36. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. 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 (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, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the firm posted $0.47 EPS. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.

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