Alpha DNA Investment Management LLC Acquires New Stake in Uber Technologies, Inc. (NYSE:UBER)

Alpha DNA Investment Management LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 13,154 shares of the ride-sharing company's stock, valued at approximately $793,000.

Several other hedge funds have also made changes to their positions in UBER. M&T Bank Corp grew its stake in Uber Technologies by 4.8% during the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock worth $13,161,000 after purchasing an additional 7,968 shares in the last quarter. Invst LLC raised its holdings in Uber Technologies by 5.0% in the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock valued at $309,000 after acquiring an additional 197 shares in the last quarter. Advisory Resource Group lifted its stake in Uber Technologies by 1.6% in the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock worth $1,052,000 after acquiring an additional 222 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $1,328,000. Finally, SkyView Investment Advisors LLC lifted its position in shares of Uber Technologies by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after purchasing an additional 875 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value 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 approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 over the last quarter. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER opened at $75.28 on Friday. The business has a 50 day moving average price of $74.09 and a 200 day moving average price of $71.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market capitalization of $157.47 billion, a P/E ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Evercore ISI decreased their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, April 9th. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.81.

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.

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