Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Lifted by No Street GP LP

No Street GP LP grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 238.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,525,000 shares of the ride-sharing company's stock after purchasing an additional 1,075,000 shares during the period. Uber Technologies comprises about 6.1% of No Street GP LP's investment portfolio, making the stock its 4th biggest holding. No Street GP LP owned 0.07% of Uber Technologies worth $91,988,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies in the fourth quarter worth approximately $28,000. GHP Investment Advisors Inc. grew its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Finally, Legacy Investment Solutions LLC grew its stake in Uber Technologies by 3,038.9% in the fourth quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 547 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

UBER traded up $1.64 during midday trading on Friday, hitting $91.80. 21,819,504 shares of the company were exchanged, compared to its average volume of 20,384,266. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $92.90. 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 capitalization of $191.96 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company's 50 day simple moving average is $76.33 and its 200 day simple moving average is $71.94.

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

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,788 shares of company stock worth $9,028,690 in the last ninety days. Company insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. Evercore ISI lowered their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Truist Financial upped their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Raymond James upped their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. Finally, Piper Sandler reiterated an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.69.

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.