GMT Capital Corp Has $80.41 Million Stock Position in Uber Technologies, Inc. $UBER

Key Points

• GMT Capital Corp has reduced its holdings in Uber Technologies by 5.3%, now owning approximately 1,103,600 shares valued at about $80.41 million, representing 4.3% of its investment portfolio.
• Uber reported earnings of $0.63 EPS for the recent quarter, surpassing estimates, with a revenue of $12.65 billion, an 18.2% increase year-over-year.
• Several brokerages have raised their price targets for Uber, with Stifel Nicolaus and Goldman Sachs setting targets as high as $117.00 and $110.00, respectively, indicating strong investor sentiment towards the stock.

GMT Capital Corp trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,600 shares of the ride-sharing company's stock after selling 61,900 shares during the quarter. Uber Technologies comprises about 4.3% of GMT Capital Corp's investment portfolio, making the stock its 10th biggest holding. GMT Capital Corp owned about 0.05% of Uber Technologies worth $80,408,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UBER. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $27,000. Kozak & Associates Inc. increased its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the 1st quarter worth about $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the 1st quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 2.3%

NYSE:UBER opened at $93.80 on Friday. The firm has a 50-day simple moving average of $92.21 and a two-hundred day simple moving average of $83.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $195.61 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.10 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. Stifel Nicolaus increased their price target 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. Barclays reiterated an "overweight" rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Susquehanna raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $102.82.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated 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 directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,696 shares of company stock worth $4,632,774. 3.84% of the stock is owned by 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.

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