Gilman Hill Asset Management LLC Acquires 728 Shares of Uber Technologies, Inc. (NYSE:UBER)

Gilman Hill Asset Management LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.0% in the first quarter, HoldingsChannel.com reports. The fund owned 71,944 shares of the ride-sharing company’s stock after buying an additional 728 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Uber Technologies were worth $5,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Uber Technologies by 281.3% during the fourth quarter. CENTRAL TRUST Co now owns 4,423 shares of the ride-sharing company’s stock worth $267,000 after acquiring an additional 3,263 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of Uber Technologies by 11.0% during the 4th quarter. Trust Point Inc. now owns 4,676 shares of the ride-sharing company’s stock valued at $282,000 after purchasing an additional 464 shares during the last quarter. Finally, Tempus Wealth Planning LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $311,000. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,788 shares of company stock valued at $6,517,070. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.2%

Shares of UBER opened at $83.53 on Thursday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a 50-day moving average of $79.90 and a 200 day moving average of $73.24. The firm has a market capitalization of $174.68 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.89 and a beta of 1.38. 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, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a “buy” rating in a research note on Friday, May 23rd. Piper Sandler reiterated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Raymond James increased their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 8th. Barclays increased their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Arete Research raised shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.91.

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.