GAM Holding AG Has $7.21 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

GAM Holding AG boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 57.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,599 shares of the ride-sharing company’s stock after acquiring an additional 43,440 shares during the quarter. GAM Holding AG’s holdings in Uber Technologies were worth $7,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the period. Aviso Wealth Management acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $2,302,000. Polianta Ltd bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the third quarter valued at $1,041,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.2 %

Shares of Uber Technologies stock opened at $79.31 on Tuesday. The stock’s 50-day moving average is $66.27 and its 200 day moving average is $70.68. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a market cap of $167.00 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % 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. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on UBER shares. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Jefferies Financial Group boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company dropped their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Uber Technologies 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.