Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,381.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,334 shares of the ride-sharing company’s stock after acquiring an additional 57,194 shares during the period. Gamco Investors INC. ET AL’s holdings in Uber Technologies were worth $4,722,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of UBER. CVA Family Office LLC acquired a new stake in Uber Technologies in the 4th quarter worth about $30,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Uber Technologies by 13.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 515,916 shares of the ride-sharing company’s stock worth $31,765,000 after buying an additional 59,494 shares during the last quarter. Schechter Investment Advisors LLC boosted its holdings in Uber Technologies by 74.0% in the 4th quarter. Schechter Investment Advisors LLC now owns 16,771 shares of the ride-sharing company’s stock worth $1,033,000 after buying an additional 7,134 shares during the last quarter. IFG Advisory LLC acquired a new stake in Uber Technologies in the 4th quarter worth about $213,000. Finally, Procyon Advisors LLC boosted its holdings in Uber Technologies by 3.6% in the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after buying an additional 182 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 2.0 %

NYSE UBER traded down $1.34 on Friday, reaching $64.40. The stock had a trading volume of 17,379,446 shares, compared to its average volume of 14,501,722. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The stock has a fifty day moving average price of $68.58 and a two-hundred day moving average price of $71.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $134.57 billion, a price-to-earnings ratio of 103.87, a P/E/G ratio of 1.41 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on UBER shares. Loop Capital lowered their price objective on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Wolfe Research assumed coverage on Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price on the stock. Wells Fargo & Company boosted their target price on Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Jefferies Financial Group lowered their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Melius assumed coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $85.97.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 89,234 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,135,984 shares of company stock valued at $78,213,297. 3.84% of the stock is currently owned by company insiders.

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.