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

General American Investors Co. Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 38.9% during the third quarter, Holdings Channel.com reports. The firm owned 160,583 shares of the ride-sharing company’s stock after purchasing an additional 45,000 shares during the quarter. General American Investors Co. Inc.’s holdings in Uber Technologies were worth $15,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kilter Group LLC purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $26,000. Westend Capital Management LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $27,000. Trust Co. of Toledo NA OH purchased a new stake 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 second quarter worth $32,000. Finally, REAP Financial Group LLC increased its holdings in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $81.96 on Tuesday. The company’s 50 day simple moving average is $84.45 and its 200-day simple moving average is $90.56. The firm has a market cap of $170.30 billion, a PE ratio of 10.53 and a beta of 1.20. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

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

Insider Activity

In other Uber Technologies news, 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 completion of the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% 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 valued at $1,319,130 in the last quarter. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Wedbush decreased their target price on Uber Technologies from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. Guggenheim reaffirmed a “buy” rating and issued a $135.00 price target on shares of Uber Technologies in a report on Thursday, January 22nd. Mizuho began coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.97.

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.