DCF Advisers LLC Makes New $1.51 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

DCF Advisers LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 25,000 shares of the ride-sharing company’s stock, valued at approximately $1,508,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Douglass Winthrop Advisors LLC lifted its stake in shares of Uber Technologies by 7.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,252,068 shares of the ride-sharing company’s stock valued at $135,845,000 after purchasing an additional 160,280 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of Uber Technologies by 4.3% during the 4th quarter. Whittier Trust Co. now owns 10,871 shares of the ride-sharing company’s stock valued at $656,000 after buying an additional 451 shares during the period. BluePointe Capital Management LLC raised its holdings in shares of Uber Technologies by 32.3% during the 4th quarter. BluePointe Capital Management LLC now owns 4,562 shares of the ride-sharing company’s stock valued at $275,000 after buying an additional 1,114 shares during the period. Condor Capital Management purchased a new stake in Uber Technologies during the 4th quarter worth approximately $1,827,000. Finally, Teacher Retirement System of Texas increased its holdings in Uber Technologies by 388.0% during the 4th quarter. Teacher Retirement System of Texas now owns 269,817 shares of the ride-sharing company’s stock worth $16,275,000 after purchasing an additional 214,525 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.8 %

UBER stock opened at $74.33 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a market cap of $155.27 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business’s 50-day simple moving average is $72.44 and its 200 day simple moving average is $71.57. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on 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 transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % 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, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.31.

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.