Catalina Capital Group LLC Has $719,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

Catalina Capital Group LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,927 shares of the ride-sharing company’s stock after selling 850 shares during the period. Catalina Capital Group LLC’s holdings in Uber Technologies were worth $719,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CENTRAL TRUST Co lifted its holdings in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after buying an additional 127 shares in the last quarter. Procyon Advisors LLC lifted its stake in shares of Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after acquiring an additional 131 shares during the period. DT Investment Partners LLC boosted its holdings in Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after acquiring an additional 145 shares during the last quarter. Jmac Enterprises LLC increased its position in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares during the period. Finally, Canopy Partners LLC raised its holdings in Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after purchasing an additional 151 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, January 27th. Cantor Fitzgerald upped their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday. Finally, Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.08.

Uber Technologies Stock Up 0.4 %

UBER stock opened at $66.86 on Monday. The company has a market cap of $140.79 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The business has a 50 day moving average price of $65.61 and a two-hundred day moving average price of $70.08. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the business earned $0.10 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal 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.