Diametric Capital LP Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Diametric Capital LP acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,931 shares of the ride-sharing company's stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Avion Wealth increased its stake in shares of 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 buying an additional 218 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies during the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. increased its position 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 valued at $29,000 after acquiring an additional 223 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at $35,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $33,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $4.62 during trading hours on Thursday, hitting $69.88. The company's stock had a trading volume of 23,256,579 shares, compared to its average volume of 20,108,403. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The business has a 50 day moving average price of $73.80 and a two-hundred day moving average price of $71.82. The company has a market cap of $146.17 billion, a PE ratio of 15.32, a PEG ratio of 0.89 and a beta of 1.39.

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

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. Corporate insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Evercore ISI decreased their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. KGI Securities reiterated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Ten 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.41.

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.