GSA Capital Partners LLP Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

GSA Capital Partners LLP bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,091 shares of the ride-sharing company’s stock, valued at approximately $683,000.

A number of other hedge funds also recently made changes to their positions in the stock. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the third quarter worth about $2,087,000. Aptus Capital Advisors LLC lifted its stake in shares of Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after acquiring an additional 1,383 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new position in Uber Technologies during the 3rd quarter worth $799,000. Samlyn Capital LLC bought a new position in Uber Technologies during the 2nd quarter worth approximately $134,987,000. Finally, Laffer Tengler Investments Inc. raised its holdings in shares of Uber Technologies by 118.8% during the third quarter. Laffer Tengler Investments Inc. now owns 60,416 shares of the ride-sharing company’s stock worth $4,541,000 after purchasing an additional 32,798 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on 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 owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $73.25 on Monday. The stock has a market capitalization of $154.24 billion, a P/E ratio of 36.44, a P/E/G ratio of 0.73 and a beta of 1.34. The business has a 50-day moving average of $75.48 and a two-hundred day moving average of $71.08. Uber Technologies, Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted 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. 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 analyst estimates of $10.99 billion. During the same period in the previous year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on UBER. Melius started coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Melius Research initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Oppenheimer lifted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. DA Davidson increased their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price 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.