Rockingstone Advisors LLC Has $1.82 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Rockingstone Advisors LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 102.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,184 shares of the ride-sharing company's stock after buying an additional 15,305 shares during the period. Rockingstone Advisors LLC's holdings in Uber Technologies were worth $1,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Geode Capital Management LLC lifted its position in Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock worth $3,184,013,000 after acquiring an additional 893,652 shares during the period. Edgewood Management LLC increased its position in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. Legal & General Group Plc grew its stake in Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock worth $1,107,529,000 after acquiring an additional 237,976 shares during the period. Janus Henderson Group PLC increased its stake in shares of Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after acquiring an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Uber Technologies by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock worth $939,365,000 after buying an additional 1,601,747 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 2.3 %

UBER traded up $1.56 on Thursday, reaching $68.58. 28,985,604 shares of the company traded hands, compared to its average volume of 27,941,891. The company has a market cap of $144.41 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock's 50 day moving average price is $66.34 and its 200-day moving average price is $70.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. Uber Technologies's revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % 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. Corporate insiders own 3.80% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Bank of America boosted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. KeyCorp decreased their target price 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. Raymond James initiated coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price target for the company. Royal Bank of Canada raised their target price on Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, DA Davidson raised their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.53.

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.