Uber Technologies, Inc. $UBER Shares Bought by Caxton Associates LLP

Caxton Associates LLP lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1,430.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,767 shares of the ride-sharing company’s stock after purchasing an additional 59,600 shares during the period. Caxton Associates LLP’s holdings in Uber Technologies were worth $5,949,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related news, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 267,625 shares of company stock valued at $26,774,660. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UBER. Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a research report on Wednesday, November 5th. Truist Financial raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Sanford C. Bernstein increased their price target on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Finally, Barclays lowered their price objective on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Uber Technologies Stock Down 0.4%

Shares of NYSE:UBER opened at $85.13 on Friday. The company has a market capitalization of $176.88 billion, a price-to-earnings ratio of 10.94 and a beta of 1.19. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The business has a 50-day moving average price of $91.78 and a 200 day moving average price of $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.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. Sell-side analysts expect 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.