Sycale Advisors NY LLC Has $19.26 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Sycale Advisors NY LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 28.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,338 shares of the ride-sharing company’s stock after purchasing an additional 70,401 shares during the quarter. Uber Technologies comprises about 5.0% of Sycale Advisors NY LLC’s portfolio, making the stock its 8th biggest holding. Sycale Advisors NY LLC’s holdings in Uber Technologies were worth $19,262,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new position in Uber Technologies in the 4th quarter valued at $1,467,754,000. Jennison Associates LLC raised its holdings in Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new position in Uber Technologies in the 4th quarter valued at $381,057,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies in the 4th quarter valued at $298,644,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,788 shares of company stock worth $9,028,690. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.8%

NYSE UBER opened at $91.80 on Friday. The business’s 50-day moving average price is $76.33 and its two-hundred day moving average price is $71.94. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $92.90. The firm has a market capitalization of $191.96 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBER. Wedbush cut Uber Technologies from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Bank of America boosted their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Wells Fargo & Company boosted their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. DA Davidson boosted their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday. 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.69.

Uber Technologies 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.