Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 84.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,280 shares of the ride-sharing company’s stock after purchasing an additional 7,441 shares during the quarter. CoreCap Advisors LLC’s holdings in Uber Technologies were worth $982,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of UBER. Welch & Forbes LLC raised its position in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after acquiring an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its position in shares of Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 150 shares during the last quarter. Drive Wealth Management LLC lifted its stake in Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after buying an additional 155 shares in the last quarter. Institute for Wealth Management LLC. grew its holdings in Uber Technologies by 2.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 155 shares during the last quarter. Finally, Fairfield Financial Advisors LTD raised its holdings in shares of Uber Technologies by 34.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after acquiring an additional 170 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER opened at $82.42 on Friday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. 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 firm has a market cap of $172.41 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 0.89 and a beta of 1.43. The stock has a 50 day moving average of $74.58 and a 200-day moving average of $71.57.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) earnings per share. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. DA Davidson raised their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup lifted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI reduced their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Arete Research raised Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,904 shares of company stock valued at $6,027,619 in the last quarter. Insiders own 3.84% of the company’s stock.

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.