No Street GP LP Has $91.99 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

No Street GP LP lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 238.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,525,000 shares of the ride-sharing company’s stock after purchasing an additional 1,075,000 shares during the quarter. Uber Technologies accounts for approximately 6.1% of No Street GP LP’s holdings, making the stock its 4th biggest position. No Street GP LP owned approximately 0.07% of Uber Technologies worth $91,988,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Uber Technologies during the 4th quarter valued at $638,000. Fiduciary Alliance LLC lifted its holdings in shares of Uber Technologies by 5.9% during the fourth quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company’s stock valued at $547,000 after purchasing an additional 502 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Uber Technologies by 15.7% during the fourth quarter. Brookstone Capital Management now owns 200,342 shares of the ride-sharing company’s stock valued at $12,085,000 after buying an additional 27,163 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in Uber Technologies by 12.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,788 shares of the ride-sharing company’s stock worth $228,000 after buying an additional 432 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in Uber Technologies by 3.2% in the 4th quarter. Wedmont Private Capital now owns 20,558 shares of the ride-sharing company’s stock worth $1,356,000 after buying an additional 643 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,904 shares of company stock worth $6,027,619 in the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. Wedbush cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and upped their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Raymond James lifted their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group increased their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

Uber Technologies Stock Up 4.1%

NYSE UBER opened at $91.69 on Wednesday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $92.17. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a market cap of $191.74 billion, a PE ratio of 20.11, a P/E/G ratio of 0.89 and a beta of 1.43. The stock’s 50 day moving average is $75.29 and its 200 day moving average is $71.69.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.