DCF Advisers LLC Takes $1.51 Million Position in Uber Technologies, Inc. (NYSE:UBER)

DCF Advisers LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the ride-sharing company’s stock, valued at approximately $1,508,000.

Several other hedge funds have also recently modified their holdings of UBER. Douglass Winthrop Advisors LLC increased its holdings in Uber Technologies by 7.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,252,068 shares of the ride-sharing company’s stock worth $135,845,000 after buying an additional 160,280 shares during the period. Whittier Trust Co. increased its holdings in Uber Technologies by 4.3% in the 4th quarter. Whittier Trust Co. now owns 10,871 shares of the ride-sharing company’s stock worth $656,000 after buying an additional 451 shares during the period. BluePointe Capital Management LLC increased its holdings in Uber Technologies by 32.3% in the 4th quarter. BluePointe Capital Management LLC now owns 4,562 shares of the ride-sharing company’s stock worth $275,000 after buying an additional 1,114 shares during the period. Condor Capital Management acquired a new position in Uber Technologies in the 4th quarter worth approximately $1,827,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Uber Technologies by 388.0% during the 4th quarter. Teacher Retirement System of Texas now owns 269,817 shares of the ride-sharing company’s stock worth $16,275,000 after purchasing an additional 214,525 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.8 %

NYSE:UBER opened at $74.33 on Friday. The firm has a market cap of $155.27 billion, a P/E ratio of 16.30, a PEG ratio of 0.89 and a beta of 1.39. 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 stock’s 50 day simple moving average is $72.44 and its 200-day simple moving average is $71.57. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction 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 sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,404 shares of company stock worth $5,587,619 over the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UBER. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Tigress Financial increased their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Wolfe Research increased their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

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.