Uber Technologies, Inc. $UBER Shares Bought by General American Investors Co. Inc.

General American Investors Co. Inc. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 38.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,583 shares of the ride-sharing company’s stock after purchasing an additional 45,000 shares during the period. General American Investors Co. Inc.’s holdings in Uber Technologies were worth $15,732,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UBER. Westend Capital Management LLC purchased a new position in Uber Technologies during the third quarter worth approximately $27,000. Kilter Group LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth $26,000. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies during the 2nd quarter worth $30,000. Total Investment Management Inc. acquired a new position in shares of Uber Technologies during the 2nd quarter valued at about $32,000. Finally, REAP Financial Group LLC boosted its position in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $135.00 price objective on shares of Uber Technologies in a research report on Thursday, January 22nd. Truist Financial lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Piper Sandler set a $107.00 price objective on Uber Technologies in a report on Wednesday, November 5th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.97.

Uber Technologies Stock Down 0.4%

NYSE:UBER opened at $81.96 on Tuesday. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99. The stock’s fifty day moving average is $84.45 and its two-hundred day moving average is $90.56. The stock has a market capitalization of $170.30 billion, a price-to-earnings ratio of 10.53 and a beta of 1.20. 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 issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the sale, the insider directly owned 176,584 shares of the company’s stock, valued at $14,744,764. This represents a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,875 shares of company stock worth $1,319,130 over the last quarter. Insiders own 3.70% of the company’s stock.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.