Caxton Associates LLP Increases Stock Holdings in Uber Technologies, Inc. $UBER

Caxton Associates LLP grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,430.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,767 shares of the ride-sharing company’s stock after purchasing an additional 59,600 shares during the quarter. Caxton Associates LLP’s holdings in Uber Technologies were worth $5,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of UBER. Nova Wealth Management Inc. boosted its stake in Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Atticus Wealth Management LLC boosted its holdings in shares of Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 127 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its position in Uber Technologies by 4.4% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock worth $285,000 after purchasing an additional 129 shares during the period. Clearstead Trust LLC raised its position in Uber Technologies by 0.5% in the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock worth $2,424,000 after acquiring an additional 130 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in shares of Uber Technologies by 0.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock valued at $1,762,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.4%

Shares of NYSE UBER opened at $85.13 on Friday. The stock’s 50 day moving average price is $91.78 and its two-hundred day moving average price is $91.78. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The stock has a market capitalization of $176.88 billion, a P/E ratio of 10.94 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on UBER shares. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. UBS Group set a $122.00 price objective on Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a research note on Wednesday, October 29th. TD Cowen lifted their price objective on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the transaction, the insider owned 174,135 shares of the company’s stock, valued at $16,037,833.50. This represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 267,625 shares of company stock worth $26,774,660 over the last quarter. 3.84% of the stock is owned by company insiders.

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.