Alteri Wealth LLC Makes New $206,000 Investment in Uber Technologies, Inc. $UBER

Alteri Wealth LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,204 shares of the ride-sharing company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Truvestments Capital LLC boosted its holdings in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies in the second quarter valued at $30,000. Finally, Ransom Advisory Ltd bought a new position in shares of Uber Technologies in the first quarter valued at $31,000. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the sale, the insider owned 174,135 shares of the company’s stock, valued at $16,037,833.50. This trade represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 570,750 shares of company stock valued at $55,682,535. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Piper Sandler set a $107.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Guggenheim reduced their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein boosted their price target on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Price Performance

Uber Technologies stock opened at $83.43 on Friday. The company has a market capitalization of $173.36 billion, a price-to-earnings ratio of 10.72 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock’s 50 day moving average is $95.05 and its 200-day moving average is $91.86.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS 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.