AlphaCrest Capital Management LLC Takes $1.85 Million Position in Uber Technologies, Inc. (NYSE:UBER)

AlphaCrest Capital Management LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 90,152 shares of the ride-sharing company’s stock, valued at approximately $1,845,000.

A number of other large investors have also recently bought and sold shares of the business. Altimeter Capital Management LP lifted its holdings in shares of Uber Technologies by 167.5% in the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Uber Technologies by 57.1% in the first quarter. Fisher Asset Management LLC now owns 23,796,816 shares of the ride-sharing company’s stock valued at $849,070,000 after buying an additional 8,647,468 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Uber Technologies by 145.2% during the second quarter. Assenagon Asset Management S.A. now owns 11,826,227 shares of the ride-sharing company’s stock valued at $241,965,000 after acquiring an additional 7,003,848 shares during the period. Lyrical Asset Management LP bought a new position in shares of Uber Technologies during the first quarter worth about $199,606,000. Finally, Accel Growth Fund IV Associates L.L.C. acquired a new stake in shares of Uber Technologies in the 1st quarter worth about $191,981,000. Institutional investors own 71.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UBER shares. Mizuho reduced their target price on shares of Uber Technologies from $58.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. UBS Group lowered their target price on Uber Technologies from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Cowen reduced their price target on Uber Technologies from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, October 24th. Barclays increased their price target on Uber Technologies from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Uber Technologies from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.64.

Insider Activity

In related news, insider Jill Hazelbaker sold 63,100 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $31.02, for a total transaction of $1,957,362.00. Following the completion of the sale, the insider now directly owns 80,750 shares in the company, valued at $2,504,865. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Jill Hazelbaker sold 63,100 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $31.02, for a total transaction of $1,957,362.00. Following the completion of the sale, the insider now directly owns 80,750 shares of the company’s stock, valued at approximately $2,504,865. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $32.00, for a total value of $133,344.00. Following the sale, the insider now owns 142,593 shares of the company’s stock, valued at $4,562,976. The disclosure for this sale can be found here. Insiders have sold a total of 117,267 shares of company stock worth $3,591,206 in the last ninety days. Corporate insiders own 4.06% of the company’s stock.

Uber Technologies Trading Up 2.5 %

Shares of NYSE UBER opened at $28.79 on Thursday. The firm has a market capitalization of $57.42 billion, a PE ratio of -6.34 and a beta of 1.13. Uber Technologies, Inc. has a one year low of $19.90 and a one year high of $45.90. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $28.26 and a two-hundred day moving average price of $26.42.

Uber Technologies (NYSE:UBERGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The ride-sharing company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.44). The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.08 billion. Uber Technologies had a negative net margin of 30.45% and a negative return on equity of 90.49%. As a group, analysts predict that Uber Technologies, Inc. will post -5.12 earnings per share for the current fiscal year.

About Uber Technologies

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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