Galvin Gaustad & Stein LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Galvin Gaustad & Stein LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 34.6% in the 4th quarter, Holdings Channel reports. The firm owned 297,545 shares of the ride-sharing company’s stock after buying an additional 76,437 shares during the period. Uber Technologies makes up 1.6% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 22nd biggest holding. Galvin Gaustad & Stein LLC’s holdings in Uber Technologies were worth $17,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Geode Capital Management LLC raised its stake in Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after acquiring an additional 893,652 shares during the last quarter. Edgewood Management LLC raised its stake in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after acquiring an additional 2,627,768 shares during the last quarter. Legal & General Group Plc raised its stake in Uber Technologies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after acquiring an additional 237,976 shares during the last quarter. Janus Henderson Group PLC raised its stake in Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after acquiring an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Uber Technologies by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after acquiring an additional 1,601,747 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 0.5 %

Shares of UBER opened at $67.46 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $142.05 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The stock’s fifty day simple moving average is $66.08 and its 200 day simple moving average is $70.31. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.91 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of analyst reports. Loop Capital increased their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. UBS Group increased their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wolfe Research increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Company 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.