Aquatic Capital Management LLC Purchases Shares of 501,445 Uber Technologies, Inc. (NYSE:UBER)

Aquatic Capital Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 501,445 shares of the ride-sharing company's stock, valued at approximately $30,247,000. Uber Technologies accounts for 0.8% of Aquatic Capital Management LLC's investment portfolio, making the stock its 13th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Invst LLC increased its position in shares of Uber Technologies by 5.0% during the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after acquiring an additional 197 shares in the last quarter. Advisory Resource Group increased its position in shares of Uber Technologies by 1.6% during the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock worth $1,052,000 after acquiring an additional 222 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Uber Technologies during the third quarter worth about $1,328,000. SkyView Investment Advisors LLC increased its position in shares of Uber Technologies by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after acquiring an additional 875 shares in the last quarter. Finally, Anchor Investment Management LLC increased its position in shares of Uber Technologies by 8.9% during the third quarter. Anchor Investment Management LLC now owns 33,718 shares of the ride-sharing company's stock worth $2,534,000 after acquiring an additional 2,755 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, April 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 9th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Citizens Jmp downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Price Performance

Shares of UBER traded up $0.61 during midday trading on Monday, reaching $78.36. The stock had a trading volume of 13,319,159 shares, compared to its average volume of 20,308,828. The company's 50-day moving average is $73.60 and its 200 day moving average is $71.41. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $163.91 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the 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 in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by corporate 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.