General American Investors Co. Inc. Purchases 583 Shares of Uber Technologies, Inc. (NYSE:UBER)

General American Investors Co. Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,583 shares of the ride-sharing company’s stock after acquiring an additional 583 shares during the quarter. General American Investors Co. Inc.’s holdings in Uber Technologies were worth $7,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Csenge Advisory Group lifted its stake in shares of Uber Technologies by 21.6% during the 1st quarter. Csenge Advisory Group now owns 9,601 shares of the ride-sharing company’s stock worth $739,000 after purchasing an additional 1,704 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Uber Technologies by 93.9% in the first quarter. Manchester Capital Management LLC now owns 859 shares of the ride-sharing company’s stock worth $66,000 after purchasing an additional 416 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Uber Technologies by 99.0% during the first quarter. Empirical Finance LLC now owns 6,466 shares of the ride-sharing company’s stock valued at $498,000 after buying an additional 3,217 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Uber Technologies by 11.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 191,531 shares of the ride-sharing company’s stock valued at $14,746,000 after buying an additional 18,917 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Uber Technologies by 186.3% in the 1st quarter. Quantbot Technologies LP now owns 101,329 shares of the ride-sharing company’s stock worth $7,801,000 after buying an additional 65,933 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.4 %

Uber Technologies stock traded down $0.29 during mid-day trading on Thursday, reaching $74.07. 608,904 shares of the company’s stock were exchanged, compared to its average volume of 18,025,182. The company has a fifty day moving average of $75.45 and a 200-day moving average of $70.92. The company has a market cap of $155.97 billion, a P/E ratio of 36.98, a P/E/G ratio of 1.16 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $48.90 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the firm posted $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 1.15 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UBER shares. TD Cowen raised their target price 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. Evercore ISI boosted their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research note on Thursday, October 17th. Melius began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Finally, KeyCorp dropped their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.32.

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.