Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Boosted by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 273.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 396,770 shares of the ride-sharing company's stock after acquiring an additional 290,421 shares during the period. Gateway Investment Advisers LLC's holdings in Uber Technologies were worth $28,909,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UBER. Allworth Financial LP raised its holdings in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in Uber Technologies in the 4th quarter worth approximately $3,188,000. Clark Capital Management Group Inc. increased its position in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after acquiring an additional 399,008 shares during the period. MFG Wealth Management Inc. bought a new stake in Uber Technologies during the 4th quarter valued at $1,997,000. Finally, TigerOak Management L.L.C. bought a new stake in Uber Technologies during the 4th quarter valued at $1,278,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on UBER. Arete Research raised Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Wells Fargo & Company upped their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

Uber Technologies Price Performance

NYSE UBER opened at $85.60 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The stock's 50-day moving average price is $80.38 and its two-hundred day moving average price is $73.46. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market cap of $179.00 billion, a PE ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock valued at $6,517,070 in the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies 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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