Gilman Hill Asset Management LLC Purchases Shares of 102,804 Uber Technologies, Inc. (NYSE:UBER)

Gilman Hill Asset Management LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) during the second quarter, Holdings Channel.com reports. The firm purchased 102,804 shares of the ride-sharing company’s stock, valued at approximately $2,103,000.

A number of other institutional investors have also recently made changes to their positions in UBER. Accel Wealth Management lifted its stake in Uber Technologies by 18.2% in the first quarter. Accel Wealth Management now owns 2,015 shares of the ride-sharing company’s stock worth $72,000 after acquiring an additional 310 shares during the period. United Asset Strategies Inc. increased its holdings in Uber Technologies by 5.7% in the 1st quarter. United Asset Strategies Inc. now owns 5,861 shares of the ride-sharing company’s stock worth $209,000 after buying an additional 315 shares in the last quarter. Arden Trust Co increased its holdings in Uber Technologies by 2.0% in the 1st quarter. Arden Trust Co now owns 16,974 shares of the ride-sharing company’s stock worth $606,000 after buying an additional 325 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Uber Technologies by 44.5% in the first quarter. JFS Wealth Advisors LLC now owns 1,169 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 360 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in Uber Technologies by 13.3% in the first quarter. AdvisorNet Financial Inc now owns 3,124 shares of the ride-sharing company’s stock worth $111,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 4,167 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $32.00, for a total transaction of $133,344.00. Following the completion of the sale, the insider now owns 142,593 shares of the company’s stock, valued at $4,562,976. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.06% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.53 during midday trading on Friday, hitting $28.05. The company had a trading volume of 396,726 shares, compared to its average volume of 24,008,488. Uber Technologies, Inc. has a twelve month low of $19.90 and a twelve month high of $48.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day simple moving average is $28.77 and its 200-day simple moving average is $27.82.

Uber Technologies (NYSE:UBERGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.08). The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.37 billion. Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 69.83%. Uber Technologies’s revenue for the quarter was up 105.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. Analysts anticipate that Uber Technologies, Inc. will post -4.66 EPS for the current year.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. Cowen lifted their price objective on Uber Technologies to $76.00 in a research report on Tuesday, August 9th. Jefferies Financial Group reduced their price objective on Uber Technologies from $65.00 to $50.00 in a research note on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft cut their target price on Uber Technologies from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Barclays boosted their price objective on Uber Technologies from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, August 3rd. Finally, MKM Partners dropped their price objective on Uber Technologies from $41.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $49.45.

Uber Technologies Profile

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

Further Reading

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERGet Rating).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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