Lecap Asset Management Ltd. Buys Shares of 52,852 Uber Technologies, Inc. (NYSE:UBER)

Lecap Asset Management Ltd. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 52,852 shares of the ride-sharing company’s stock, valued at approximately $3,188,000. Uber Technologies comprises approximately 0.9% of Lecap Asset Management Ltd.’s portfolio, making the stock its 17th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $85,000. SMART Wealth LLC lifted its holdings in shares of Uber Technologies by 135.2% in the fourth quarter. SMART Wealth LLC now owns 7,396 shares of the ride-sharing company’s stock worth $446,000 after buying an additional 4,252 shares in the last quarter. Fairvoy Private Wealth LLC bought a new position in shares of Uber Technologies during the fourth quarter worth $2,983,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Uber Technologies by 8.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 245,680 shares of the ride-sharing company’s stock worth $14,819,000 after purchasing an additional 18,920 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Uber Technologies by 3.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,949,375 shares of the ride-sharing company’s stock valued at $358,866,000 after purchasing an additional 196,904 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UBER. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday. Tigress Financial raised their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, DA Davidson reduced their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.19.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $70.04 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average price is $65.31 and its 200-day moving average price is $70.07. The firm has a market cap of $147.47 billion, a P/E ratio of 34.84, a P/E/G ratio of 0.77 and a beta of 1.39. 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 earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

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.