GGM Financials LLC Invests $202,000 in Uber Technologies, Inc. (NYSE:UBER)

GGM Financials LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, HoldingsChannel reports. The firm purchased 2,773 shares of the ride-sharing company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently bought and sold shares of UBER. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth $27,000. Avion Wealth increased its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. Transce3nd LLC purchased a new position in Uber Technologies in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter worth about $28,000. Finally, GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, May 7th. Barclays raised their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Loop Capital reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $93.91.

Uber Technologies Price Performance

NYSE UBER opened at $85.60 on Friday. The company has a market cap of $179.00 billion, a price-to-earnings ratio of 18.77, 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. The stock’s fifty day moving average price is $80.38 and its 200 day moving average price is $73.46. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.32) EPS. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 over the last 90 days. Insiders own 3.84% of the company’s stock.

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.