Galvin Gaustad & Stein LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Galvin Gaustad & Stein LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 297,545 shares of the ride-sharing company’s stock after acquiring an additional 76,437 shares during the quarter. Uber Technologies makes up approximately 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 reporting period.

A number of other institutional investors have also modified their holdings of the stock. CENTRAL TRUST Co increased its position in shares of Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after acquiring an additional 127 shares during the period. Procyon Advisors LLC increased its position in shares of Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after acquiring an additional 131 shares during the period. DT Investment Partners LLC increased its position in shares of Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after acquiring an additional 145 shares during the period. Jmac Enterprises LLC increased its position in shares of Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after acquiring an additional 150 shares during the period. Finally, Canopy Partners LLC increased its position in shares of Uber Technologies by 2.2% during the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 151 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the topic of several research reports. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, October 31st. Truist Financial cut their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. JMP Securities lowered shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a report on Thursday, January 2nd. Finally, Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Price Performance

UBER stock opened at $67.46 on Thursday. The business has a fifty day moving average of $66.08 and a two-hundred day moving average of $70.31. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $142.05 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (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 company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts anticipate that Uber Technologies, Inc. will post 1.91 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on 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 completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 3.84% of the company’s stock.

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.