9,218 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by AlphaCore Capital LLC

Posted by MarketBeat News on Aug 30th, 2023

AlphaCore Capital LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,218 shares of the ride-sharing company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Uber Technologies during the first quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC grew its stake in Uber Technologies by 89.3% in the first quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. Sandy Spring Bank grew its stake in Uber Technologies by 36.4% in the fourth quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 331 shares during the last quarter. MCF Advisors LLC purchased a new position in Uber Technologies in the first quarter valued at about $32,000. Finally, Colonial Trust Advisors grew its stake 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 during the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Wolfe Research boosted their price target on Uber Technologies from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Mizuho boosted their price objective on Uber Technologies from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Piper Sandler boosted their price target on Uber Technologies from $41.00 to $43.00 in a research report on Tuesday, May 2nd. JMP Securities boosted their price target on Uber Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Tigress Financial started coverage on Uber Technologies in a research report on Friday, July 21st. They set a “buy” rating and a $66.00 price target for the company. Thirty-one analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $56.00.

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Uber Technologies Stock Up 2.5 %

NYSE UBER traded up $1.13 during trading hours on Wednesday, hitting $46.48. 9,026,689 shares of the company were exchanged, compared to its average volume of 23,419,818. The company has a 50 day moving average of $44.89 and a two-hundred day moving average of $38.51. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Uber Technologies, Inc. has a 52-week low of $22.94 and a 52-week high of $49.49. The firm has a market cap of $94.98 billion, a price-to-earnings ratio of -210.23 and a beta of 1.23.

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

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 30,025 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $45.00, for a total transaction of $1,351,125.00. Following the sale, the chief executive officer now owns 1,485,167 shares in the company, valued at approximately $66,832,515. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Nelson Chai sold 100,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $45.05, for a total value of $4,505,000.00. Following the transaction, the chief financial officer now owns 291,807 shares in the company, valued at approximately $13,145,905.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 30,025 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $45.00, for a total value of $1,351,125.00. Following the completion of the transaction, the chief executive officer now owns 1,485,167 shares in the company, valued at approximately $66,832,515. The disclosure for this sale can be found here. Insiders have sold a total of 325,642 shares of company stock worth $14,830,237 in the last quarter. 3.84% of the stock is owned by company insiders.

Uber Technologies Profile

(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.