New Age Alpha Advisors LLC Buys 44,920 Shares of Uber Technologies, Inc. (NYSE:UBER)

New Age Alpha Advisors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 40.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,852 shares of the ride-sharing company's stock after purchasing an additional 44,920 shares during the period. Uber Technologies comprises about 0.5% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 25th biggest position. New Age Alpha Advisors LLC's holdings in Uber Technologies were worth $11,428,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Seelaus Asset Management LLC purchased a new stake in shares of Uber Technologies in the first quarter worth $482,000. IPG Investment Advisors LLC boosted its holdings in Uber Technologies by 12.4% in the 1st quarter. IPG Investment Advisors LLC now owns 52,930 shares of the ride-sharing company's stock worth $3,856,000 after buying an additional 5,843 shares during the period. Probity Advisors Inc. boosted its holdings in Uber Technologies by 26.5% in the 1st quarter. Probity Advisors Inc. now owns 8,586 shares of the ride-sharing company's stock worth $626,000 after buying an additional 1,800 shares during the period. ING Groep NV increased its stake in Uber Technologies by 91.2% in the 1st quarter. ING Groep NV now owns 629,707 shares of the ride-sharing company's stock worth $45,880,000 after buying an additional 300,370 shares in the last quarter. Finally, Earned Wealth Advisors LLC bought a new stake in Uber Technologies during the first quarter valued at about $396,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 1.9%

Shares of NYSE UBER opened at $88.56 on Tuesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.71. The firm has a 50-day simple moving average of $89.12 and a two-hundred day simple moving average of $80.47. The company has a market cap of $185.20 billion, a P/E ratio of 15.51, a PEG ratio of 1.00 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UBER. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. UBS Group upped their price target on Uber Technologies from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Finally, The Goldman Sachs Group upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $100.71.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.