Alta Wealth Advisors LLC Buys Shares of 12,031 Uber Technologies, Inc. $UBER

Alta Wealth Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,031 shares of the ride-sharing company’s stock, valued at approximately $1,179,000.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Westend Capital Management LLC purchased a new position in Uber Technologies in the 3rd quarter valued at about $27,000. Kilter Group LLC acquired a new position in shares of Uber Technologies in the second quarter valued at approximately $26,000. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies during the second quarter valued at approximately $30,000. Total Investment Management Inc. acquired a new stake in Uber Technologies during the second quarter worth approximately $32,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Uber Technologies during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the sale, the insider directly owned 176,584 shares in the company, valued at approximately $14,744,764. The trade was a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,875 shares of company stock worth $1,319,130 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Uber Technologies Price Performance

UBER stock opened at $81.96 on Tuesday. The firm has a market cap of $170.30 billion, a P/E ratio of 10.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. The stock has a 50-day simple moving average of $84.45 and a 200-day simple moving average of $90.56.

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

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Barclays lowered their price objective on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price target on Uber Technologies in a research note on Wednesday, November 5th. Wolfe Research lowered their price target on Uber Technologies from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, January 5th. KeyCorp cut their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.97.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.