Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,381.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,334 shares of the ride-sharing company’s stock after acquiring an additional 57,194 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Uber Technologies were worth $4,722,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of UBER. Covenant Asset Management LLC boosted its holdings in shares of Uber Technologies by 0.3% in the 1st quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company’s stock valued at $4,078,000 after purchasing an additional 157 shares during the last quarter. Hilltop Holdings Inc. boosted its holdings in shares of Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after purchasing an additional 157 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after purchasing an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC boosted its holdings in shares of Uber Technologies by 6.1% in the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after purchasing an additional 159 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in shares of Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $1.34 during midday trading on Friday, hitting $64.40. The company’s stock had a trading volume of 17,379,446 shares, compared to its average volume of 14,501,722. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The firm’s fifty day moving average price is $68.58 and its 200-day moving average price is $71.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $134.57 billion, a P/E ratio of 103.87, a P/E/G ratio of 1.41 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. During the same period last year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Oppenheimer reiterated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, June 5th. JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company raised their target price on shares of Uber Technologies from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.97.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. In the last three months, insiders sold 1,135,984 shares of company stock valued at $78,213,297. Company insiders own 3.84% of the company’s stock.

About Uber Technologies

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.