Gilman Hill Asset Management LLC Cuts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Gilman Hill Asset Management LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 28.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,053 shares of the ride-sharing company’s stock after selling 25,086 shares during the period. Gilman Hill Asset Management LLC’s holdings in Uber Technologies were worth $4,931,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Hilltop Holdings Inc. boosted its stake in shares of Uber Technologies by 2.9% during the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after acquiring an additional 157 shares during the last quarter. Drive Wealth Management LLC raised its holdings in shares of Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after purchasing an additional 163 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Cigna Investments Inc. New grew its stake in Uber Technologies by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after purchasing an additional 178 shares in the last quarter. Finally, Procyon Advisors LLC raised its stake in Uber Technologies by 3.6% during the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock worth $42,258,297 over the last three months. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 15th. Wells Fargo & Company dropped their price objective on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Loop Capital dropped their price objective on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Argus boosted their price objective on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Citigroup boosted their price objective on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.34.

Read Our Latest Report on UBER

Uber Technologies Stock Up 0.6 %

Shares of NYSE:UBER traded up $0.40 on Tuesday, reaching $70.94. The company had a trading volume of 11,865,627 shares, compared to its average volume of 19,544,213. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The stock has a 50-day moving average price of $67.93 and a 200 day moving average price of $69.58. The stock has a market capitalization of $148.23 billion, a P/E ratio of 113.77, a P/E/G ratio of 1.54 and a beta of 1.37. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

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

About Uber Technologies

(Free Report)

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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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