Peapack Gladstone Financial Corp Buys 1,550 Shares of Uber Technologies, Inc. (NYSE:UBER)

Peapack Gladstone Financial Corp raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 30.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,562 shares of the ride-sharing company’s stock after acquiring an additional 1,550 shares during the period. Peapack Gladstone Financial Corp’s holdings in Uber Technologies were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Gradient Investments LLC raised its holdings in shares of Uber Technologies by 108.1% in the 2nd quarter. Gradient Investments LLC now owns 614 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 319 shares in the last quarter. MONECO Advisors LLC grew its position in shares of Uber Technologies by 4.0% in the 2nd quarter. MONECO Advisors LLC now owns 4,799 shares of the ride-sharing company’s stock worth $349,000 after buying an additional 185 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Uber Technologies by 3.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 356,895 shares of the ride-sharing company’s stock worth $25,939,000 after buying an additional 11,775 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Uber Technologies by 53.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 5,641 shares of the ride-sharing company’s stock worth $410,000 after buying an additional 1,975 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $2,461,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $59.93 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day moving average price of $73.54 and a 200 day moving average price of $71.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a market cap of $126.20 billion, a price-to-earnings ratio of 29.82, a P/E/G ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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 net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the business earned $0.10 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Raymond James initiated coverage on Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. Wells Fargo & Company dropped their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $90.51.

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.