Alta Advisers Ltd Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Alta Advisers Ltd increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 51.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,610 shares of the ride-sharing company's stock after acquiring an additional 3,600 shares during the period. Alta Advisers Ltd's holdings in Uber Technologies were worth $773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Navalign LLC boosted its holdings in shares of Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after acquiring an additional 126 shares during the period. Grove Bank & Trust lifted its holdings in Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares during the period. Amplius Wealth Advisors LLC lifted its holdings in Uber Technologies by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the period. Welch & Forbes LLC lifted its holdings in Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after purchasing an additional 148 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after acquiring an additional 150 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Stock Up 1.9%

Shares of Uber Technologies stock opened at $93.28 on Tuesday. The stock has a market capitalization of $195.06 billion, a P/E ratio of 16.34, a PEG ratio of 1.16 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $85.56 and a two-hundred day moving average price of $75.63. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. UBS Group boosted their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Cantor Fitzgerald restated an "overweight" rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $94.85.

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.

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