Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Caxton Associates LP

Caxton Associates LP boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 126.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,483 shares of the ride-sharing company’s stock after buying an additional 7,517 shares during the period. Caxton Associates LP’s holdings in Uber Technologies were worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Highlander Capital Management LLC lifted its stake in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Uber Technologies by 374.6% during the 1st quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock worth $4,885,000 after acquiring an additional 50,080 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Uber Technologies by 54.3% during the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the period. US Bancorp DE increased its stake in shares of Uber Technologies by 2.5% in the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after purchasing an additional 24,059 shares during the period. Finally, SVB Wealth LLC increased its position in Uber Technologies by 28.1% in the 4th quarter. SVB Wealth LLC now owns 51,341 shares of the ride-sharing company’s stock worth $3,161,000 after buying an additional 11,269 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,135,984 shares of company stock valued at $78,213,297. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UBER. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, May 16th. Bank of America cut their price target on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.97.

Uber Technologies Price Performance

NYSE UBER traded down $0.38 during trading hours on Tuesday, hitting $63.38. 5,857,080 shares of the company’s stock traded hands, compared to its average volume of 18,775,545. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The firm’s 50-day moving average is $68.56 and its 200-day moving average is $71.06. The company has a market capitalization of $132.43 billion, a PE ratio of 102.08, a PEG ratio of 1.41 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. Equities analysts forecast that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

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.