DCF Advisers LLC Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• DCF Advisers LLC increased its stake in Uber Technologies by 100%, owning a total of 50,000 shares, marking it as the 16th largest position in their portfolio valued at approximately $3.64 million.
• Analysts are optimistic about Uber, with 29 analysts giving it a buy rating and a median target price set at $100.71.
• Uber reported quarterly earnings of $0.83 EPS, exceeding estimates, with revenues up 13.8% from the previous year despite missing the consensus revenue estimate.

DCF Advisers LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 100.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the ride-sharing company's stock after buying an additional 25,000 shares during the period. Uber Technologies comprises 1.7% of DCF Advisers LLC's holdings, making the stock its 16th largest position. DCF Advisers LLC's holdings in Uber Technologies were worth $3,643,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Transce3nd LLC bought a new position in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. increased its stake 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 during the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies in the first quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on UBER shares. Needham & Company LLC raised their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus raised their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Bank of America raised their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $100.71.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were 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 in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $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 insiders.

Uber Technologies Price Performance

UBER stock traded up $1.14 during trading on Tuesday, hitting $89.57. 25,729,909 shares of the company's stock traded hands, compared to its average volume of 22,214,607. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The business has a fifty day simple moving average of $89.12 and a 200 day simple moving average of $80.47. The stock has a market capitalization of $187.31 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.00 and a beta of 1.43.

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 for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.