Gunderson Capital Management Inc. Buys New Position in Uber Technologies, Inc. $UBER

Key Points

• Gunderson Capital Management Inc. has acquired 81,216 shares of Uber Technologies, valued at approximately $7.58 million, making it the firm's 12th largest investment position.
• A significant portion of Uber's stock, about 80.24%, is owned by institutional investors, highlighting strong institutional interest in the company.
• Uber Technologies' most recent earnings report revealed a revenue increase of 18.2% year-over-year, with earnings per share of $0.63, surpassing analysts' expectations.

Gunderson Capital Management Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 81,216 shares of the ride-sharing company's stock, valued at approximately $7,577,000. Uber Technologies accounts for about 3.2% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. Noble Wealth Management PBC bought a new position in Uber Technologies during the first quarter worth $27,000. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter valued at $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the second quarter valued at about $28,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the period. Finally, Truvestments Capital LLC boosted its position in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 339 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company's stock, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock valued at $58,659,491 over the last 90 days. Insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group increased their price target on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Roth Capital increased their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Sanford C. Bernstein lifted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Bank of America increased their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.03.

Uber Technologies Trading Down 3.2%

NYSE:UBER opened at $96.06 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The stock's fifty day moving average price is $94.73 and its two-hundred day moving average price is $87.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $200.32 billion, a P/E ratio of 16.36 and a beta of 1.48.

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, topping 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 firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The company's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts expect 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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