Amalgamated Bank Buys 32,275 Shares of Uber Technologies, Inc. (NYSE:UBER)

Amalgamated Bank raised its position in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 22.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 178,735 shares of the ride-sharing company’s stock after acquiring an additional 32,275 shares during the period. Amalgamated Bank’s holdings in Uber Technologies were worth $6,377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Altimeter Capital Management LP grew its stake in Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares during the period. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter worth $594,489,000. Fisher Asset Management LLC grew its stake in Uber Technologies by 57.1% in the first quarter. Fisher Asset Management LLC now owns 23,796,816 shares of the ride-sharing company’s stock worth $849,070,000 after purchasing an additional 8,647,468 shares during the period. Lyrical Asset Management LP purchased a new stake in Uber Technologies in the first quarter worth $199,606,000. Finally, Accel Growth Fund IV Associates L.L.C. purchased a new stake in Uber Technologies in the first quarter worth $191,981,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UBER shares. Mizuho dropped their target price on Uber Technologies from $58.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Needham & Company LLC boosted their target price on Uber Technologies from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. MKM Partners lowered their price target on Uber Technologies from $41.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Wolfe Research lowered their price target on Uber Technologies from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Finally, Atlantic Securities upped their price objective on Uber Technologies to $40.00 in a research report on Monday, August 22nd. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Uber Technologies Stock Performance

NYSE:UBER opened at $31.93 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. Uber Technologies, Inc. has a 12-month low of $19.90 and a 12-month high of $48.88. The stock has a 50-day moving average price of $28.03 and a 200 day moving average price of $27.76. The stock has a market capitalization of $63.22 billion, a P/E ratio of -6.13 and a beta of 1.21.

Uber Technologies (NYSE:UBERGet Rating) last released its earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative return on equity of 69.83% and a negative net margin of 39.39%. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.37 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue for the quarter was up 105.6% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post -4.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $32.00, for a total value of $133,344.00. Following the sale, the insider now owns 142,593 shares of the company’s stock, valued at approximately $4,562,976. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.06% of the stock is currently owned by company insiders.

About Uber Technologies

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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