Paradoxiom Capital L.P. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Paradoxiom Capital L.P. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 159,557 shares of the ride-sharing company's stock, valued at approximately $9,624,000. Uber Technologies accounts for approximately 4.0% of Paradoxiom Capital L.P.'s holdings, making the stock its 5th largest position.

Other hedge funds also recently made changes to their positions in the company. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares in the last quarter. Transce3nd LLC acquired a new position in Uber Technologies during the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the fourth quarter worth about $28,000. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 85.1% during 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 during the last quarter. Finally, Legacy Investment Solutions LLC grew its holdings in shares of Uber Technologies by 3,038.9% during 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 during the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. TD Cowen cut their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $92.69.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies 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 completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 114,788 shares of company stock worth $9,028,690. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

UBER stock traded up $1.64 on Friday, reaching $91.80. The company had a trading volume of 21,819,504 shares, compared to its average volume of 20,365,540. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $92.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company's fifty day moving average is $75.91 and its 200 day moving average is $71.91. The company has a market cap of $191.96 billion, a P/E ratio of 20.13, a PEG ratio of 0.89 and a beta of 1.43.

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