Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 1,066.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,932 shares of the ride-sharing company’s stock after buying an additional 102,332 shares during the period. New Age Alpha Advisors LLC’s holdings in Uber Technologies were worth $6,752,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Avion Wealth increased its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the 4th quarter worth $28,000. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth $33,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $35,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Citigroup cut their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. DA Davidson decreased their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Stock Up 1.0 %

UBER stock opened at $74.90 on Friday. The stock has a market cap of $156.46 billion, a P/E ratio of 16.43, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company’s 50 day moving average is $73.33 and its two-hundred day moving average is $71.71.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share 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.