American Alpha Advisors LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• American Alpha Advisors LLC has purchased a new stake of 7,260 shares in Uber Technologies, valued at approximately $529,000.
• Research analysts have raised their price targets for Uber, with Bank of America increasing it from $97.00 to $115.00 and maintaining a "buy" rating.
• Uber reported earnings of $0.63 EPS for the last quarter, exceeding estimates, with revenue reaching $12.65 billion, marking an 18.2% year-over-year increase.

American Alpha Advisors LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,260 shares of the ride-sharing company's stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $395,000. Jaffetilchin Investment Partners LLC grew its stake in Uber Technologies by 48.4% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,350 shares of the ride-sharing company's stock worth $443,000 after buying an additional 2,397 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Uber Technologies by 29.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,736,825 shares of the ride-sharing company's stock worth $165,088,000 after buying an additional 625,773 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UBER shares. Bank of America upped their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Roth Capital increased their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Loop Capital restated a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Eleven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company'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 sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

UBER stock opened at $89.64 on Friday. The firm has a market cap of $187.45 billion, a PE ratio of 15.27, a P/E/G ratio of 1.03 and a beta of 1.43. The business's 50-day moving average price is $89.44 and its two-hundred day moving average price is $81.16. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41.

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

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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