Altman Advisors Inc. Purchases New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Altman Advisors Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,040 shares of the ride-sharing company's stock, valued at approximately $1,970,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after acquiring an additional 2,364,525 shares during the period. Capital Research Global Investors grew its holdings in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors increased its position in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Norges Bank acquired a new position in shares of Uber Technologies in the fourth quarter valued at $1,467,754,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's 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 owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock worth $3,496,071 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent research reports. DA Davidson lifted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Roth Capital set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Monday. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price target for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, Barclays increased their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Thirteen investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.63.

Uber Technologies Trading Down 1.6%

NYSE UBER traded down $1.47 during trading on Wednesday, reaching $90.74. 17,633,552 shares of the stock traded hands, compared to its average volume of 21,225,809. The stock's 50-day moving average price is $88.76 and its 200 day moving average price is $78.08. 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 firm has a market cap of $189.75 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.17 and a beta of 1.40. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.72.

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

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.