GAM Holding AG Sells 21,467 Shares of Uber Technologies, Inc. (NYSE:UBER)

GAM Holding AG decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,132 shares of the ride-sharing company's stock after selling 21,467 shares during the period. GAM Holding AG's holdings in Uber Technologies were worth $7,150,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Perfromance Wealth Partners LLC raised its holdings in Uber Technologies by 16.4% during the first quarter. Perfromance Wealth Partners LLC now owns 7,722 shares of the ride-sharing company's stock worth $563,000 after buying an additional 1,090 shares during the last quarter. Worth Financial Advisory Group LLC raised its holdings in Uber Technologies by 18.7% during the first quarter. Worth Financial Advisory Group LLC now owns 28,986 shares of the ride-sharing company's stock worth $2,112,000 after buying an additional 4,575 shares during the last quarter. Mizuho Securities Co. Ltd. raised its holdings in Uber Technologies by 100.4% during the first quarter. Mizuho Securities Co. Ltd. now owns 5,030 shares of the ride-sharing company's stock worth $366,000 after buying an additional 2,520 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Uber Technologies by 6.3% in the first quarter. PFG Investments LLC now owns 42,235 shares of the ride-sharing company's stock valued at $3,077,000 after purchasing an additional 2,510 shares during the last quarter. Finally, Rockline Wealth Management LLC raised its holdings in shares of Uber Technologies by 15.0% in the first quarter. Rockline Wealth Management LLC now owns 18,136 shares of the ride-sharing company's stock valued at $1,321,000 after purchasing an additional 2,371 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 0.3%

Shares of UBER traded up $0.29 during mid-day trading on Friday, reaching $83.73. The company's stock had a trading volume of 27,456,507 shares, compared to its average volume of 20,893,272. The stock has a market cap of $175.09 billion, a PE ratio of 14.66, a P/E/G ratio of 1.06 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company's fifty day moving average price is $83.53 and its two-hundred day moving average price is $74.39.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on UBER shares. KGI Securities reiterated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Citigroup increased their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus started coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.39.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on 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 now owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate 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.