Peapack Gladstone Financial Corp Invests $237,000 in Uber Technologies, Inc. (NYSE:UBER)

Peapack Gladstone Financial Corp purchased a new position in Uber Technologies, Inc. (NYSE:UBERFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,862 shares of the ride-sharing company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its stake in Uber Technologies by 12.6% during the third quarter. Avantax Advisory Services Inc. now owns 16,452 shares of the ride-sharing company’s stock valued at $757,000 after buying an additional 1,845 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Uber Technologies by 26.4% during the third quarter. Gamco Investors INC. ET AL now owns 9,294 shares of the ride-sharing company’s stock valued at $427,000 after buying an additional 1,940 shares in the last quarter. Gabelli Funds LLC boosted its stake in Uber Technologies by 11.6% during the third quarter. Gabelli Funds LLC now owns 6,305 shares of the ride-sharing company’s stock valued at $290,000 after buying an additional 655 shares in the last quarter. ProVise Management Group LLC bought a new position in Uber Technologies during the third quarter valued at about $207,000. Finally, Huntington National Bank boosted its stake in Uber Technologies by 6.6% during the third quarter. Huntington National Bank now owns 4,752 shares of the ride-sharing company’s stock valued at $219,000 after buying an additional 294 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $69.30 on Friday. The business’s 50-day simple moving average is $69.07 and its 200-day simple moving average is $68.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52 week low of $39.04 and a 52 week high of $82.14. The firm has a market cap of $144.80 billion, a price-to-earnings ratio of 111.77, a P/E/G ratio of 1.51 and a beta of 1.37.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the previous year, the business posted ($0.08) earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group reduced their target price on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a report on Wednesday, May 15th. Loop Capital reduced their target price on Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Bank of America reduced their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Get Our Latest Stock Analysis on UBER

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares in the company, valued at $8,518,750.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 607,984 shares of company stock valued at $40,279,537. Corporate insiders own 3.84% of the company’s stock.

About Uber Technologies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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