13,120 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Delphia USA Inc.

Posted by MarketBeat News on Sep 11th, 2023

Delphia USA Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,120 shares of the ride-sharing company’s stock, valued at approximately $416,000.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new position in Uber Technologies in the first quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Uber Technologies by 89.3% in the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Sandy Spring Bank raised its position in shares of Uber Technologies by 36.4% during the 4th quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 331 shares in the last quarter. MCF Advisors LLC purchased a new stake in Uber Technologies during the first quarter worth approximately $32,000. Finally, Colonial Trust Advisors boosted its holdings in Uber Technologies by 23,500.0% in the first quarter. Colonial Trust Advisors now owns 1,180 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 1,175 shares in the last quarter. 74.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Uber Technologies from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Loop Capital boosted their price target on shares of Uber Technologies from $48.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Oppenheimer raised their price objective on Uber Technologies from $55.00 to $65.00 in a report on Wednesday, June 21st. BTIG Research boosted their target price on Uber Technologies from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, DA Davidson restated a “buy” rating and set a $62.00 price target on shares of Uber Technologies in a research note on Monday, July 31st. Thirty-one research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $56.00.

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Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 16,664 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $42.00, for a total value of $699,888.00. Following the transaction, the insider now directly owns 164,693 shares in the company, valued at approximately $6,917,106. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Tony West sold 16,664 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $42.00, for a total value of $699,888.00. Following the completion of the sale, the insider now owns 164,693 shares of the company’s stock, valued at $6,917,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nelson Chai sold 100,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $45.05, for a total transaction of $4,505,000.00. Following the completion of the transaction, the chief financial officer now directly owns 291,807 shares in the company, valued at approximately $13,145,905.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,998 shares of company stock valued at $14,803,833. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.8 %

Shares of NYSE UBER traded up $0.85 on Monday, reaching $48.09. 8,100,685 shares of the company traded hands, compared to its average volume of 23,137,359. The stock has a market capitalization of $98.27 billion, a PE ratio of -218.55 and a beta of 1.23. Uber Technologies, Inc. has a fifty-two week low of $22.94 and a fifty-two week high of $49.49. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $45.43 and a 200 day moving average of $39.18.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.19. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.34 billion. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. Uber Technologies’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned ($1.33) EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

About Uber Technologies

(Free Report)

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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