GMT Capital Corp Has $89.79 Million Stock Position in Uber Technologies, Inc. $UBER

GMT Capital Corp decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 12.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 962,400 shares of the ride-sharing company’s stock after selling 141,200 shares during the period. Uber Technologies makes up about 3.8% of GMT Capital Corp’s holdings, making the stock its 10th biggest holding. GMT Capital Corp’s holdings in Uber Technologies were worth $89,792,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UBER. Vanguard Group Inc. boosted its position in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after buying an additional 3,025,483 shares during the period. Geode Capital Management LLC increased its holdings in shares of Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after buying an additional 1,168,288 shares during the period. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the first quarter worth about $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC boosted its holdings in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 267,625 shares of company stock valued at $26,774,660. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UBER. Citigroup restated a “market perform” rating on shares of Uber Technologies in a research report on Wednesday. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Piper Sandler set a $107.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. BMO Capital Markets lowered their price target on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Finally, Barclays dropped their price target on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $85.13 on Friday. The business has a 50 day moving average of $91.78 and a 200 day moving average of $91.76. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a market cap of $176.88 billion, a PE ratio of 10.94 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.