AlphaQuest LLC Buys 2,916 Shares of Uber Technologies, Inc. $UBER

AlphaQuest LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 250.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,078 shares of the ride-sharing company’s stock after buying an additional 2,916 shares during the period. AlphaQuest LLC’s holdings in Uber Technologies were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UBER. Vision Financial Markets LLC bought a new position in Uber Technologies in the first quarter worth about $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies in the 2nd quarter worth about $28,000. Truvestments Capital LLC increased its stake in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies in the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd bought a new position in shares of Uber Technologies in the 1st quarter worth about $31,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 0.8%

NYSE:UBER opened at $96.49 on Friday. The company’s 50 day moving average price is $95.56 and its 200-day moving average price is $90.22. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $201.21 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. BMO Capital Markets increased their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Guggenheim upgraded shares of Uber Technologies to a “strong-buy” rating in a research note on Wednesday, October 15th. Bank of America increased their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 price target on shares of Uber Technologies in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $106.82.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is owned by corporate insiders.

About Uber Technologies

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.