Cache Advisors LLC Makes New $3.50 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Cache Advisors LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 58,060 shares of the ride-sharing company's stock, valued at approximately $3,502,000. Uber Technologies makes up about 1.3% of Cache Advisors LLC's investment portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Allworth Financial LP lifted its stake in shares of Uber Technologies by 8.9% during the fourth 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 period. Lecap Asset Management Ltd. purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $3,188,000. Clark Capital Management Group Inc. raised its stake in Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares during the period. Baader Bank Aktiengesellschaft raised its stake in Uber Technologies by 1,705.2% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company's stock worth $3,414,000 after purchasing an additional 53,457 shares during the period. Finally, Greenwood Capital Associates LLC raised its stake in Uber Technologies by 6.4% during the fourth quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company's stock worth $5,107,000 after purchasing an additional 5,095 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,788 shares of company stock valued at $6,517,070. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UBER shares. JPMorgan Chase & Co. increased their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Performance

UBER stock traded up $1.25 during midday trading on Tuesday, reaching $89.00. The company had a trading volume of 17,434,956 shares, compared to its average volume of 20,428,867. 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 50 day moving average price of $78.47 and a 200 day moving average price of $72.61. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The firm has a market capitalization of $186.11 billion, a PE ratio of 19.52, a P/E/G ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.32) earnings per share. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies Company 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.