Gordian Capital Singapore Pte Ltd Boosts Holdings in Uber Technologies, Inc. $UBER

Key Points

• Gordian Capital Singapore Pte Ltd increased its holdings in Uber Technologies by 1,842.9% in the first quarter, acquiring an additional 3,870 shares, bringing its total to 4,080 shares valued at $297,000.
• Multiple hedge funds raised their stakes in Uber, with Brighton Jones LLC increasing holdings by 3.4% and Revolve Wealth Partners LLC raising theirs by 65.0% during the fourth quarter.
• Analysts have shown positive sentiment towards Uber, with several firms including Goldman Sachs and UBS raising their price targets, resulting in a consensus target of $102.82.

Gordian Capital Singapore Pte Ltd boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1,842.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,080 shares of the ride-sharing company's stock after acquiring an additional 3,870 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Uber Technologies were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during 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 worth $939,000 after buying an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies in the fourth quarter worth $395,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth $908,000. Finally, Lido Advisors LLC raised its holdings in shares of Uber Technologies by 10.2% in the fourth quarter. Lido Advisors LLC now owns 51,544 shares of the ride-sharing company's stock worth $3,109,000 after buying an additional 4,763 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock worth $4,632,774 in the last ninety days. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. The Goldman Sachs Group raised their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. UBS Group increased their price target on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Wells Fargo & Company cut their price target on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Stock Up 0.6%

UBER stock opened at $95.95 on Friday. The firm has a market cap of $200.09 billion, a PE ratio of 16.35, a P/E/G ratio of 1.09 and a beta of 1.43. 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's fifty day moving average is $92.01 and its 200 day moving average is $83.46. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71.

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