Caprock Group LLC Purchases 15,301 Shares of Uber Technologies, Inc. (NYSE:UBER)

Caprock Group LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,840 shares of the ride-sharing company's stock after acquiring an additional 15,301 shares during the quarter. Caprock Group LLC's holdings in Uber Technologies were worth $6,452,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UBER. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 245 shares during the last quarter. WR Wealth Planners LLC raised its holdings in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 344 shares during the last quarter. MCF Advisors LLC boosted its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after buying an additional 405 shares during the period. Founders Capital Management bought a new stake in Uber Technologies during the 2nd quarter worth approximately $33,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $36,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company's stock.

Uber Technologies Stock Down 0.3 %

UBER stock traded down $0.20 during trading on Tuesday, reaching $69.13. The stock had a trading volume of 21,523,640 shares, compared to its average volume of 18,315,998. Uber Technologies, Inc. has a one year low of $53.76 and a one year high of $87.00. The company's 50 day moving average is $75.47 and its two-hundred day moving average is $71.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $145.57 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 0.73 and a beta of 1.34.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the business posted $0.10 earnings per share. Uber Technologies's revenue was up 20.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Thursday, October 31st. Melius Research initiated coverage on Uber Technologies in a report on Monday, July 22nd. They set a "hold" rating and a $77.00 target price on the stock. KeyCorp decreased their price target on Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Morgan Stanley raised their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. Finally, Oppenheimer upped their target price on Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $90.32.

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.