GSA Capital Partners LLP Buys New Shares in Uber Technologies, Inc. (NYSE:UBER)

GSA Capital Partners LLP purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,091 shares of the ride-sharing company’s stock, valued at approximately $683,000.

Several other large investors have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $2,087,000. Aptus Capital Advisors LLC increased its holdings in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares during the period. Lederer & Associates Investment Counsel CA acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $799,000. Samlyn Capital LLC bought a new position in shares of Uber Technologies during the 2nd quarter worth about $134,987,000. Finally, Laffer Tengler Investments Inc. boosted its position in shares of Uber Technologies by 118.8% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 60,416 shares of the ride-sharing company’s stock valued at $4,541,000 after acquiring an additional 32,798 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction 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. This trade represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 2.5 %

Uber Technologies stock opened at $73.25 on Monday. The firm has a market capitalization of $154.24 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 0.73 and a beta of 1.34. The company’s 50 day simple moving average is $75.48 and its 200 day simple moving average is $71.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on UBER. Royal Bank of Canada raised their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial decreased their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Evercore ISI increased their price objective on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets restated an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Finally, Raymond James began coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 target price for the company. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.32.

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.