Peddock Capital Advisors LLC Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Peddock Capital Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 54.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,486 shares of the ride-sharing company’s stock after purchasing an additional 2,644 shares during the period. Peddock Capital Advisors LLC’s holdings in Uber Technologies were worth $452,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in UBER. GHP Investment Advisors Inc. raised its stake in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Uber Technologies by 49.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 22,503 shares of the ride-sharing company’s stock worth $1,635,000 after purchasing an additional 7,462 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after purchasing an additional 151 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Uber Technologies by 13.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,583,121 shares of the ride-sharing company’s stock worth $260,421,000 after acquiring an additional 435,484 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of Uber Technologies by 57.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 40,883 shares of the ride-sharing company’s stock worth $2,971,000 after buying an additional 14,853 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $0.23 during midday trading on Monday, hitting $65.74. The company’s stock had a trading volume of 23,916,923 shares, compared to its average volume of 28,752,688. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a market cap of $138.43 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50 day simple moving average is $66.91 and its 200 day simple moving average is $70.52.

Uber Technologies (NYSE:UBER) 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 return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction 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 transaction, the insider now 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 SEC, which is available at the SEC website. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UBER shares. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Bank of America increased their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price 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.