Uber Technologies, Inc. (NYSE:UBER) is GCQ FUNDS MANAGEMENT PTY Ltd's 3rd Largest Position

GCQ FUNDS MANAGEMENT PTY Ltd grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 405.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 795,240 shares of the ride-sharing company's stock after acquiring an additional 637,803 shares during the quarter. Uber Technologies accounts for approximately 14.2% of GCQ FUNDS MANAGEMENT PTY Ltd's holdings, making the stock its 3rd biggest holding. GCQ FUNDS MANAGEMENT PTY Ltd's holdings in Uber Technologies were worth $57,941,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC grew 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 purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $395,000. SVB Wealth LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $1,314,000. Finally, Maia Wealth LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at about $253,000. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer owned 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER traded down $1.08 during mid-day trading on Tuesday, hitting $92.22. 17,112,957 shares of the company traded hands, compared to its average volume of 21,060,360. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $94.38. The stock has a market cap of $192.85 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.16 and a beta of 1.38. The stock has a 50-day moving average price of $85.56 and a two-hundred day moving average price of $75.63.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.32) earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. KGI Securities restated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group lifted their target price 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. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $94.85.

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.