Alpha Family Trust Purchases Shares of 4,380 Uber Technologies, Inc. $UBER

Key Points

• Alpha Family Trust has acquired 4,380 shares of Uber Technologies, valued at approximately $319,000, during the first quarter of 2023.
• Uber Technologies reported a quarterly EPS of $0.63, exceeding analysts' expectations, and an 18.2% year-over-year increase in revenue to $12.65 billion.
• Analysts have increased their target prices for Uber, with JPMorgan Chase projecting a target of $110 and Bank of America at $115, reflecting strong confidence in the company's growth potential.

Alpha Family Trust bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,380 shares of the ride-sharing company's stock, valued at approximately $319,000.

A number of other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $27,000. Kozak & Associates Inc. raised its holdings in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Uber Technologies in the first quarter valued at $27,000. Finally, Vision Financial Markets LLC acquired a new stake in Uber Technologies in the first quarter valued at $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.4%

UBER opened at $92.64 on Monday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm's fifty day moving average price is $90.19 and its two-hundred day moving average price is $82.08. The company has a market capitalization of $193.19 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.06 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business's revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Bank of America boosted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Roth Capital upped their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Needham & Company LLC upped their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $102.82.

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.

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