Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,411 shares of the ride-sharing company's stock after purchasing an additional 43,299 shares during the period. Uber Technologies makes up 3.1% of Titan Global Capital Management USA LLC's investment portfolio, making the stock its 16th largest holding. Titan Global Capital Management USA LLC's holdings in Uber Technologies were worth $20,594,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Uber Technologies Stock Up 1.2 %

Uber Technologies stock traded up $0.84 during trading hours on Monday, reaching $73.12. The stock had a trading volume of 12,463,451 shares, compared to its average volume of 20,348,345. The company has a market cap of $152.95 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 0.89 and a beta of 1.37. The business's 50 day moving average price is $73.94 and its 200-day moving average price is $71.44. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

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

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Wolfe Research raised their price target on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Truist Financial upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Citigroup dropped their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.97.

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.