Cox Capital Mgt LLC Has $4.42 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cox Capital Mgt LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 84.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,595 shares of the ride-sharing company's stock after buying an additional 27,795 shares during the quarter. Uber Technologies accounts for about 3.2% of Cox Capital Mgt LLC's portfolio, making the stock its 9th largest position. Cox Capital Mgt LLC's holdings in Uber Technologies were worth $4,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Avion Wealth grew its holdings in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies during the 4th quarter worth $28,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock worth $6,517,070 in the last 90 days. Company insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UBER shares. KeyCorp increased their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. UBS Group lifted their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital reissued a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Finally, Citigroup raised their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Stock Performance

UBER traded down $1.05 on Tuesday, reaching $82.59. The company had a trading volume of 25,658,648 shares, compared to its average volume of 20,596,597. The stock has a market cap of $172.72 billion, a P/E ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The company's fifty day moving average is $79.53 and its 200 day moving average is $73.11.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.