Uber Technologies, Inc. $UBER Holdings Decreased by GMT Capital Corp

GMT Capital Corp reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 962,400 shares of the ride-sharing company’s stock after selling 141,200 shares during the period. Uber Technologies accounts for about 3.8% of GMT Capital Corp’s investment portfolio, making the stock its 10th largest holding. GMT Capital Corp’s holdings in Uber Technologies were worth $89,792,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UBER. Kilter Group LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $26,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC grew its stake in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Uber Technologies during the 2nd quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies during the 1st quarter valued at approximately $31,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the sale, the insider owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. The trade was a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 267,625 shares of company stock worth $26,774,660. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $85.13 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $176.88 billion, a price-to-earnings ratio of 10.94 and a beta of 1.19. The business has a 50-day simple moving average of $91.78 and a two-hundred day simple moving average of $91.76. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter last year, the firm posted $1.20 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on UBER shares. Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Uber Technologies in a research report on Wednesday, November 5th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Morgan Stanley reduced their price objective on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Finally, BMO Capital Markets decreased their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.60.

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.