Aljian Capital Management LLC Invests $1.21 Million in Uber Technologies, Inc. (NYSE:UBER)

Aljian Capital Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,154 shares of the ride-sharing company's stock, valued at approximately $1,214,000.

A number of other hedge funds also recently added to or reduced their stakes in UBER. Price T Rowe Associates Inc. MD lifted its position in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. GQG Partners LLC increased its stake in shares of Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company's stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock worth $864,390,000 after purchasing an additional 3,179,308 shares during the last quarter. Capital Research Global Investors grew its holdings in Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock valued at $3,075,562,000 after buying an additional 3,019,431 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Uber Technologies during the third quarter worth $163,468,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER traded down $3.91 during mid-day trading on Monday, hitting $69.34. The stock had a trading volume of 45,216,005 shares, compared to its average volume of 18,300,125. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $146.01 billion, a PE ratio of 33.89, a PEG ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $87.00. The company's fifty day simple moving average is $75.48 and its two-hundred day simple moving average is $71.10.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UBER shares. Truist Financial decreased their price objective on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Bank of America raised their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Raymond James began coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 price objective for the company. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Finally, DA Davidson lifted their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.32.

Uber Technologies 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.