New Age Alpha Advisors LLC grew its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 28.7% during the 4th quarter, HoldingsChannel reports. The fund owned 201,718 shares of the ride-sharing company’s stock after purchasing an additional 44,938 shares during the period. Uber Technologies comprises about 0.7% of New Age Alpha Advisors LLC’s investment portfolio, making the stock its 17th largest holding. New Age Alpha Advisors LLC’s holdings in Uber Technologies were worth $16,482,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $27,000. Ares Financial Consulting LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $28,000. Imprint Wealth LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at $32,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Uber Technologies in the third quarter valued at $34,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Up 0.1%
Shares of Uber Technologies stock opened at $71.87 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. Uber Technologies, Inc. has a 1 year low of $68.46 and a 1 year high of $101.99. The firm’s 50-day moving average is $74.14 and its two-hundred day moving average is $79.21. The stock has a market cap of $146.31 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 6.11 and a beta of 1.16.
Insider Activity
In other Uber Technologies news, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the acquisition, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.81% of the stock is owned by corporate insiders.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber is reportedly considering a full acquisition of Delivery Hero, a move that could broaden its global food-delivery scale and improve its competitive position outside the U.S. Uber explores takeover of European food delivery rival Delivery Hero – Bloomberg
- Positive Sentiment: Analysts and media coverage also pointed to strong underlying business momentum, with Uber’s gross bookings still growing and its Q2 guidance implying continued demand in Mobility and Delivery. Sustained Gross Bookings Momentum Benefits Uber: What Lies Ahead?
- Positive Sentiment: Uber’s autonomous-vehicle strategy remains a key long-term catalyst, with Nvidia saying its partnership could help power robotaxi expansion across nearly 30 cities and four continents by 2028. Jensen Huang Says Nvidia Is Powering Uber’s Push Into Trillion-Dollar Self-Driving Opportunity Across 30 Cities
- Neutral Sentiment: Uber was also linked to broader commentary on its post-earnings outlook and autonomous push, but these pieces were more thematic than immediately stock-moving. What’s next for Uber after Q1 earnings and its aggressive autonomous push?
- Negative Sentiment: Investor caution increased because a takeover of Delivery Hero could require significant spending and may distract from Uber’s push for profitability and disciplined capital deployment. Uber considers full takeover of Delivery Hero in major expansion move: Report
- Negative Sentiment: Separate headlines about potential liability and insurance issues around Uber’s driver accidents added to regulatory and reputational concerns. Consumer Watchdog Report: Uber Plan To Limit Accident Liability Aims To Free Up Insurance Reserves
Analyst Ratings Changes
UBER has been the topic of several recent analyst reports. UBS Group downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Cantor Fitzgerald reduced their target price on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Thursday, February 5th. Finally, HSBC downgraded shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.97.
Get Our Latest Research Report on Uber Technologies
About Uber Technologies
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.
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