Capricorn Fund Managers Ltd Has $757,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Capricorn Fund Managers Ltd trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 33.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,460 shares of the ride-sharing company’s stock after selling 6,140 shares during the period. Capricorn Fund Managers Ltd’s holdings in Uber Technologies were worth $757,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the third quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $2,302,000. Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies during the third quarter worth approximately $1,041,000. Finally, Polianta Ltd acquired a new position in Uber Technologies in the fourth quarter valued at approximately $1,206,000. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was 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 directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $67.30 on Tuesday. The company has a market capitalization of $141.71 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 0.72 and a beta of 1.36. The stock’s 50 day moving average is $66.16 and its 200-day moving average is $70.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore ISI upped their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. KeyCorp reduced their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, December 18th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Finally, DA Davidson upped 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 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.