Campbell Capital Management Inc. Takes Position in Uber Technologies, Inc. $UBER

Campbell Capital Management Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,047 shares of the ride-sharing company’s stock, valued at approximately $2,803,000. Uber Technologies comprises about 1.1% of Campbell Capital Management Inc.’s investment portfolio, making the stock its 25th biggest position.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the period. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Uber Technologies by 48.2% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,540 shares of the ride-sharing company’s stock valued at $6,451,000 after buying an additional 28,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Uber Technologies by 13.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,355,842 shares of the ride-sharing company’s stock worth $244,504,000 after purchasing an additional 397,359 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UBER. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Morgan Stanley dropped their price objective on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Mizuho initiated coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a research report on Wednesday, October 29th. Finally, Piper Sandler set a $107.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 100,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 267,625 shares of company stock worth $26,774,660. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 0.4%

UBER opened at $85.13 on Friday. The firm’s 50 day simple moving average is $91.78 and its two-hundred day simple moving average is $91.78. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $176.88 billion, a PE ratio of 10.94 and a beta of 1.19. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the prior year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current 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.