CoreCap Advisors LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

CoreCap Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 84.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,280 shares of the ride-sharing company's stock after purchasing an additional 7,441 shares during the quarter. CoreCap Advisors LLC's holdings in Uber Technologies were worth $982,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Uber Technologies by 7.1% during the third quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company's stock valued at $184,919,000 after purchasing an additional 162,528 shares during the period. Diversified Trust Co increased its position in Uber Technologies by 3.7% in the 4th quarter. Diversified Trust Co now owns 15,667 shares of the ride-sharing company's stock valued at $945,000 after buying an additional 557 shares in the last quarter. Fulton Bank N.A. raised its stake in Uber Technologies by 86.5% during the 4th quarter. Fulton Bank N.A. now owns 22,337 shares of the ride-sharing company's stock worth $1,347,000 after buying an additional 10,357 shares during the period. Watts Gwilliam & Co. LLC boosted its holdings in Uber Technologies by 537.1% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 72,943 shares of the ride-sharing company's stock worth $4,825,000 after acquiring an additional 61,494 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in Uber Technologies by 32.1% in the fourth quarter. Fortitude Family Office LLC now owns 795 shares of the ride-sharing company's stock valued at $48,000 after acquiring an additional 193 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55 % decrease in their ownership of the stock. The transaction 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 business's stock in a transaction 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 transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,904 shares of company stock worth $6,027,619. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UBER shares. Raymond James raised their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Uber Technologies from $80.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. Finally, KGI Securities reissued a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Eleven equities research 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 MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $92.69.

Uber Technologies Trading Up 0.4 %

Uber Technologies stock traded up $0.30 during trading hours on Friday, reaching $82.60. The company had a trading volume of 19,093,139 shares, compared to its average volume of 20,148,873. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a 50-day moving average price of $74.72 and a 200 day moving average price of $71.53. The firm has a market cap of $172.73 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43.

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