Adalta Capital Management LLC Raises Stake in Uber Technologies, Inc. $UBER

by · The Cerbat Gem

Adalta Capital Management LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 61.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,425 shares of the ride-sharing company’s stock after buying an additional 925 shares during the quarter. Adalta Capital Management LLC’s holdings in Uber Technologies were worth $177,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock worth $890,000 after buying an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Uber Technologies in the 4th quarter worth about $1,875,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Uber Technologies in the 1st quarter worth about $943,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Uber Technologies by 29.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,939 shares of the ride-sharing company’s stock worth $214,000 after buying an additional 667 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total transaction of $296,875.00. Following the transaction, the insider directly owned 170,269 shares in the company, valued at $16,175,555. This trade represents a 1.80% 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, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock valued at $4,632,774 in the last ninety days. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 1.2%

UBER stock opened at $90.89 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $92.42 and its 200 day moving average is $84.05. The stock has a market cap of $189.54 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Bank of America boosted their price target 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. Barclays reissued an “overweight” rating and issued a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.06.

Get Our Latest Stock Report on UBER

Uber Technologies Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).