GAM Holding AG Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

GAM Holding AG lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 49.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,159 shares of the ride-sharing company’s stock after selling 73,379 shares during the period. GAM Holding AG’s holdings in Uber Technologies were worth $5,724,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the last quarter. GQG Partners LLC boosted its holdings in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after buying an additional 9,541,366 shares during the period. Allen Investment Management LLC boosted its holdings in shares of Uber Technologies by 2,956.5% during the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after purchasing an additional 5,163,635 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after purchasing an additional 3,179,308 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.1 %

Shares of Uber Technologies stock opened at $80.40 on Wednesday. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $168.00 billion, a P/E ratio of 129.68, a PEG ratio of 1.37 and a beta of 1.33. The company’s fifty day moving average is $74.71 and its two-hundred day moving average is $70.69.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. Analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Loop Capital increased their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI increased their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial raised their target price on shares of Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. JMP Securities raised their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.65.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.