Napatree Capital LLC Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Napatree Capital LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 47.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,809 shares of the ride-sharing company’s stock after acquiring an additional 1,550 shares during the period. Napatree Capital LLC’s holdings in Uber Technologies were worth $290,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Avion Wealth raised its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the 4th quarter worth approximately $35,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on UBER. Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,404 shares of company stock valued at $5,587,619. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 2.1 %

Shares of NYSE:UBER opened at $75.94 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. 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 $72.64 and a 200 day moving average price of $71.59. The company has a market cap of $158.65 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts predict 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.