Caprock Group LLC Has $5.27 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Caprock Group LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 87,424 shares of the ride-sharing company’s stock after acquiring an additional 1,584 shares during the quarter. Caprock Group LLC’s holdings in Uber Technologies were worth $5,273,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies during the fourth quarter valued at about $35,000. Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Transcendent Capital Group LLC boosted its stake in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Uber Technologies during the 4th quarter valued at about $42,000. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.4 %

UBER opened at $66.86 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm has a market cap of $140.79 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.77 and a beta of 1.36. The firm’s 50-day simple moving average is $65.71 and its 200-day simple moving average is $70.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UBER. Wells Fargo & Company reduced their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Jefferies Financial Group upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $91.08.

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.