Aquatic Capital Management LLC Invests $30.25 Million in Uber Technologies, Inc. (NYSE:UBER)

Aquatic Capital Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 501,445 shares of the ride-sharing company's stock, valued at approximately $30,247,000. Uber Technologies accounts for approximately 0.8% of Aquatic Capital Management LLC's holdings, making the stock its 13th biggest position.

Several other institutional investors have also made changes to their positions in UBER. Polianta Ltd acquired a new position in Uber Technologies in the 4th quarter valued at $1,206,000. Allworth Financial LP grew its stake in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Uber Technologies in the 4th quarter valued at $3,188,000. Mirador Capital Partners LP grew its stake in Uber Technologies by 40.4% in the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock valued at $5,140,000 after buying an additional 24,520 shares during the last quarter. Finally, Tri Ri Asset Management Corp acquired a new position in Uber Technologies in the 3rd quarter valued at $8,243,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER traded up $0.38 on Wednesday, hitting $79.80. The stock had a trading volume of 6,762,545 shares, compared to its average volume of 20,220,715. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market cap of $166.92 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The business's 50-day simple moving average is $73.51 and its two-hundred day simple moving average is $71.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last quarter. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. DA Davidson decreased their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their price target on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Truist Financial raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. TD Cowen decreased their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Ten 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

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.