Raleigh Capital Management Inc. Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Raleigh Capital Management Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 116.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,791 shares of the ride-sharing company’s stock after acquiring an additional 3,658 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Uber Technologies were worth $410,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Uber Technologies by 61.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 358,834 shares of the ride-sharing company’s stock valued at $26,080,000 after acquiring an additional 136,966 shares in the last quarter. ELCO Management Co. LLC grew its position in shares of Uber Technologies by 8.8% in the second quarter. ELCO Management Co. LLC now owns 6,160 shares of the ride-sharing company’s stock valued at $448,000 after purchasing an additional 500 shares in the last quarter. Caxton Associates LP increased its holdings in shares of Uber Technologies by 65.8% in the second quarter. Caxton Associates LP now owns 22,355 shares of the ride-sharing company’s stock valued at $1,625,000 after purchasing an additional 8,872 shares during the last quarter. Alden Global Capital LLC purchased a new position in Uber Technologies during the second quarter worth approximately $8,624,000. Finally, Armistice Capital LLC boosted its stake in Uber Technologies by 37.0% during the second quarter. Armistice Capital LLC now owns 264,894 shares of the ride-sharing company’s stock worth $19,252,000 after buying an additional 71,598 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 0.1 %

NYSE:UBER opened at $67.79 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market cap of $142.75 billion, a P/E ratio of 33.73, a P/E/G ratio of 0.73 and a beta of 1.36. The stock has a 50-day simple moving average of $66.08 and a 200-day simple moving average of $70.31.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UBER shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, December 18th. UBS Group raised their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Thursday, October 31st. Finally, JMP Securities downgraded Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.

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.