Cox Capital Mgt LLC Invests $2.99 Million in Uber Technologies, Inc. (NYSE:UBER)

Cox Capital Mgt LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 41,157 shares of the ride-sharing company’s stock, valued at approximately $2,991,000. Uber Technologies accounts for 1.8% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in Uber Technologies by 23.4% in the fourth quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock valued at $723,000 after buying an additional 2,225 shares during the last quarter. Sandy Spring Bank increased its holdings in shares of Uber Technologies by 65.5% in the 4th quarter. Sandy Spring Bank now owns 4,616 shares of the ride-sharing company’s stock valued at $284,000 after acquiring an additional 1,827 shares during the last quarter. Cerity Partners LLC raised its position in shares of Uber Technologies by 61.9% during the 4th quarter. Cerity Partners LLC now owns 188,435 shares of the ride-sharing company’s stock worth $11,601,000 after acquiring an additional 72,075 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Uber Technologies during the fourth quarter worth approximately $48,000. Finally, Graypoint LLC lifted its stake in Uber Technologies by 22.4% during the fourth quarter. Graypoint LLC now owns 5,884 shares of the ride-sharing company’s stock worth $362,000 after purchasing an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Insiders sold a total of 1,117,234 shares of company stock worth $76,982,734 in the last ninety days. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UBER shares. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $91.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. DA Davidson boosted their target price on Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. TD Cowen raised their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Roth Mkm lifted their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.47.

Uber Technologies Price Performance

UBER stock traded up $1.78 during trading on Tuesday, hitting $71.05. The stock had a trading volume of 15,463,177 shares, compared to its average volume of 19,197,818. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The stock has a market cap of $149.26 billion, a price-to-earnings ratio of 113.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36. The company’s 50 day moving average price is $68.58 and its two-hundred day moving average price is $71.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the previous year, the firm posted $0.18 EPS. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 0.89 EPS for the current fiscal year.

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.