Graypoint LLC Has $778,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

by · The Cerbat Gem

Graypoint LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 32.1% in the first quarter, Holdings Channel reports. The firm owned 10,681 shares of the ride-sharing company’s stock after purchasing an additional 2,595 shares during the quarter. Graypoint LLC’s holdings in Uber Technologies were worth $778,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Transce3nd LLC bought a new position in Uber Technologies during the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBER. DA Davidson raised their price target on Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Wells Fargo & Company upped their target price on Uber Technologies from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Needham & Company LLC set a $109.00 price objective on Uber Technologies and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $97.63.

Read Our Latest Stock Analysis on UBER

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were 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 directly owned 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 0.3%

Shares of UBER opened at $90.51 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50 day simple moving average is $89.06 and its 200-day simple moving average is $78.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72. The stock has a market capitalization of $189.27 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted ($0.32) earnings per share. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

About Uber Technologies

(Free Report)

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.

See Also

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