Cookson Peirce & Co. Inc. Sells 6,788 Shares of Uber Technologies, Inc. $UBER

Key Points

• Cookson Peirce & Co. Inc. sold 6,788 shares of Uber Technologies, trimming its holdings by 34.8% to a total of 12,706 shares worth $1,185,000.
• Uber's latest quarterly earnings reported a net margin of 26.68% and revenue of $12.65 billion, exceeding analyst estimates.
• In response to rising stock performance, several brokerages have upgraded their ratings, with Royal Bank of Canada raising the price target from $94 to $100.

Cookson Peirce & Co. Inc. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 34.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,706 shares of the ride-sharing company's stock after selling 6,788 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Uber Technologies were worth $1,185,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. lifted its position in shares of Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC lifted its position in shares of Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 127 shares during the period. Forum Financial Management LP increased its stake in shares of Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after acquiring an additional 136 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of Uber Technologies by 18.6% in the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company's stock valued at $82,000 after acquiring an additional 137 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Uber Technologies stock opened at $92.11 on Thursday. The firm's 50 day simple moving average is $95.33 and its 200 day simple moving average is $88.98. The firm has a market capitalization of $192.09 billion, a PE ratio of 15.69 and a beta of 1.48. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UBER. Royal Bank Of Canada boosted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Guggenheim raised shares of Uber Technologies to a "strong-buy" rating in a research report on Wednesday, October 15th. Raymond James Financial upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating for the company in a research report on Friday, October 3rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $105.70.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 604,946 shares of company stock worth $58,950,116. Company insiders own 3.84% of the company's stock.

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.

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