Gateway Advisory LLC Buys 490 Shares of Uber Technologies, Inc. (NYSE:UBER)

Gateway Advisory LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 5.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,107 shares of the ride-sharing company’s stock after purchasing an additional 490 shares during the quarter. Gateway Advisory LLC’s holdings in Uber Technologies were worth $662,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UBER. Samlyn Capital LLC bought a new stake in Uber Technologies during the 2nd quarter valued at $134,987,000. Davidson Kempner Capital Management LP raised its stake in shares of Uber Technologies by 70.0% during the second quarter. Davidson Kempner Capital Management LP now owns 425,000 shares of the ride-sharing company’s stock valued at $30,889,000 after acquiring an additional 175,000 shares during the last quarter. Interval Partners LP purchased a new stake in shares of Uber Technologies during the second quarter worth about $43,512,000. Marietta Investment Partners LLC grew its stake in shares of Uber Technologies by 7.4% in the second quarter. Marietta Investment Partners LLC now owns 42,813 shares of the ride-sharing company’s stock worth $3,112,000 after purchasing an additional 2,960 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of Uber Technologies by 1.9% in the second quarter. Xponance Inc. now owns 459,163 shares of the ride-sharing company’s stock worth $33,372,000 after purchasing an additional 8,520 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of UBER opened at $74.69 on Tuesday. The firm has a market cap of $156.07 billion, a PE ratio of 120.47, a P/E/G ratio of 1.27 and a beta of 1.33. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $69.65 and a two-hundred day simple moving average of $70.63.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UBER. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a report on Friday, September 13th. TD Cowen lifted their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Loop Capital upped their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Finally, JMP Securities increased their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

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.