Cox Capital Mgt LLC Cuts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cox Capital Mgt LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 45.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,800 shares of the ride-sharing company’s stock after selling 27,872 shares during the quarter. Cox Capital Mgt LLC’s holdings in Uber Technologies were worth $1,978,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Brown Brothers Harriman & Co. boosted its position in shares of Uber Technologies by 58.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock valued at $94,000 after acquiring an additional 477 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Uber Technologies by 10.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock valued at $615,220,000 after purchasing an additional 821,508 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Uber Technologies by 13.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock valued at $203,401,000 after purchasing an additional 341,312 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Uber Technologies by 278.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock worth $3,275,000 after buying an additional 33,142 shares in the last quarter. Finally, One Capital Management LLC increased its holdings in shares of Uber Technologies by 26.2% in the 2nd quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock worth $254,000 after buying an additional 725 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s 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 sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents 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 this link. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 1.1 %

NYSE:UBER opened at $64.98 on Wednesday. The company’s 50 day moving average is $66.58 and its two-hundred day moving average is $70.43. The company has a market cap of $136.83 billion, a PE ratio of 32.33, a P/E/G ratio of 0.75 and a beta of 1.36. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank of Canada increased their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

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.