Titan Global Capital Management USA LLC Acquires 43,299 Shares of Uber Technologies, Inc. (NYSE:UBER)

Titan Global Capital Management USA LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 341,411 shares of the ride-sharing company’s stock after purchasing an additional 43,299 shares during the quarter. Uber Technologies accounts for 3.1% of Titan Global Capital Management USA LLC’s investment portfolio, making the stock its 16th largest position. Titan Global Capital Management USA LLC’s holdings in Uber Technologies were worth $20,594,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Avion Wealth grew its holdings in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies during the 4th quarter worth $28,000. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the period. Kieckhefer Group LLC purchased a new stake in Uber Technologies in the 4th quarter worth about $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $35,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $70.97 on Friday. The company has a market capitalization of $148.44 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 0.89 and a beta of 1.37. The business has a 50 day moving average of $73.89 and a 200 day moving average of $71.51. 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, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UBER shares. KGI Securities reiterated a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last three months. Insiders own 3.84% of the company’s stock.

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.