GAMMA Investing LLC Buys 2,178 Shares of Uber Technologies, Inc. (NYSE:UBER)

GAMMA Investing LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,926 shares of the ride-sharing company’s stock after acquiring an additional 2,178 shares during the quarter. GAMMA Investing LLC’s holdings in Uber Technologies were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Financial Management Professionals Inc. grew its stake in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies during the first quarter worth approximately $32,000. YHB Investment Advisors Inc. purchased a new stake in Uber Technologies during the first quarter valued at approximately $37,000. Bfsg LLC bought a new stake in Uber Technologies in the fourth quarter worth $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock worth $78,213,297 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER traded down $2.03 on Friday, reaching $58.99. 27,654,556 shares of the stock traded hands, compared to its average volume of 16,050,067. The stock’s 50-day moving average price is $68.37 and its 200-day moving average price is $71.02. The firm has a market cap of $123.26 billion, a price-to-earnings ratio of 95.15, a P/E/G ratio of 1.32 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UBER shares. Wolfe Research assumed coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. TD Cowen lifted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Tigress Financial raised their target price on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Melius began coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Melius Research began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $86.76.

About Uber Technologies

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.