GSA Capital Partners LLP Purchases Shares of 9,091 Uber Technologies, Inc. (NYSE:UBER)

GSA Capital Partners LLP bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,091 shares of the ride-sharing company's stock, valued at approximately $683,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Harbour Investments Inc. increased its stake in shares of Uber Technologies by 3.0% during the third quarter. Harbour Investments Inc. now owns 10,827 shares of the ride-sharing company's stock valued at $814,000 after buying an additional 318 shares during the period. Entropy Technologies LP purchased a new position in shares of Uber Technologies during the third quarter valued at $6,583,000. Apollon Wealth Management LLC increased its stake in shares of Uber Technologies by 10.8% during the third quarter. Apollon Wealth Management LLC now owns 22,939 shares of the ride-sharing company's stock valued at $1,724,000 after buying an additional 2,235 shares during the period. Laffer Tengler Investments Inc. increased its stake in shares of Uber Technologies by 118.8% during the third quarter. Laffer Tengler Investments Inc. now owns 60,416 shares of the ride-sharing company's stock valued at $4,541,000 after buying an additional 32,798 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Uber Technologies during the third quarter valued at $676,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the 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 transaction, the insider now owns 127,352 shares of the company's stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 5.3 %

Shares of Uber Technologies stock traded down $3.91 during trading hours on Monday, hitting $69.34. The company's stock had a trading volume of 45,216,005 shares, compared to its average volume of 18,300,125. Uber Technologies, Inc. has a twelve month low of $53.76 and a twelve month high of $87.00. The firm has a fifty day moving average of $75.48 and a 200-day moving average of $71.10. The stock has a market cap of $146.01 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 0.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the prior year, the company posted $0.10 EPS. The company's quarterly revenue was up 20.4% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UBER shares. Jefferies Financial Group lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Raymond James started coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 target price on the stock. UBS Group lifted their target price on Uber Technologies from $102.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Daiwa Capital Markets lowered Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 target price on the stock. in a research note on Thursday, October 17th. Finally, Truist Financial cut their target price 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. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned 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 price target of $90.32.

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.