Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Alden Global Capital LLC

Alden Global Capital LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 570.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,192 shares of the ride-sharing company's stock after acquiring an additional 110,773 shares during the quarter. Uber Technologies accounts for 7.7% of Alden Global Capital LLC's portfolio, making the stock its 4th largest holding. Alden Global Capital LLC's holdings in Uber Technologies were worth $7,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Invst LLC boosted its stake in Uber Technologies by 5.0% in the 3rd quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after purchasing an additional 197 shares during the period. Virtu Financial LLC acquired a new position in Uber Technologies during the third quarter valued at $1,328,000. Stock Yards Bank & Trust Co. lifted its stake in Uber Technologies by 6.5% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 3,760 shares of the ride-sharing company's stock worth $283,000 after acquiring an additional 230 shares in the last quarter. World Investment Advisors LLC boosted its position in Uber Technologies by 59.8% during the 3rd quarter. World Investment Advisors LLC now owns 11,773 shares of the ride-sharing company's stock worth $885,000 after acquiring an additional 4,405 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Uber Technologies in the third quarter worth approximately $5,920,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $3.39 during midday trading on Friday, reaching $84.28. 22,376,033 shares of the company traded hands, compared to its average volume of 20,278,011. The stock's 50-day simple moving average is $73.83 and its 200-day simple moving average is $71.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market cap of $176.30 billion, a PE ratio of 18.48, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Wolfe Research boosted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their price target on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

About Uber Technologies

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.