Bornite Capital Management LP Has $12.06 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Bornite Capital Management LP grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 60.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,000 shares of the ride-sharing company's stock after purchasing an additional 75,000 shares during the period. Bornite Capital Management LP's holdings in Uber Technologies were worth $12,064,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avion Wealth boosted its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $28,000. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth $35,000. Finally, Kieckhefer Group LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $33,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Piper Sandler reissued an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Truist Financial upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group reiterated a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, UBS Group reissued a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.41.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $5.35 during trading on Friday, reaching $64.50. The company had a trading volume of 34,874,753 shares, compared to its average volume of 20,180,043. The firm's fifty day moving average is $73.75 and its 200 day moving average is $71.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $134.92 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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 forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.