Rahlfs Capital LLC Acquires New Stake in Uber Technologies, Inc. (NYSE:UBER)

Rahlfs Capital LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,484 shares of the ride-sharing company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Edgestream Partners L.P. bought a new position in shares of Uber Technologies during the 3rd quarter worth $760,000. Royal London Asset Management Ltd. lifted its stake in Uber Technologies by 3.8% in the third quarter. Royal London Asset Management Ltd. now owns 845,785 shares of the ride-sharing company’s stock worth $63,569,000 after acquiring an additional 31,242 shares during the period. Quarry LP increased its position in Uber Technologies by 137.2% during the 3rd quarter. Quarry LP now owns 1,499 shares of the ride-sharing company’s stock valued at $113,000 after purchasing an additional 867 shares during the period. SageView Advisory Group LLC raised its holdings in shares of Uber Technologies by 5.0% in the 3rd quarter. SageView Advisory Group LLC now owns 12,119 shares of the ride-sharing company’s stock valued at $911,000 after purchasing an additional 578 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Uber Technologies by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 2,503,141 shares of the ride-sharing company’s stock worth $188,136,000 after purchasing an additional 34,055 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UBER. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Truist Financial upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. DA Davidson lowered their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.41.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 in the last 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 7.7 %

Shares of Uber Technologies stock opened at $64.50 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm’s 50-day moving average price is $73.75 and its 200 day moving average price is $71.76. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37.

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

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.