Hodges Capital Management Inc. Has $41.20 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Hodges Capital Management Inc. lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 548,119 shares of the ride-sharing company's stock after selling 11,948 shares during the period. Uber Technologies comprises 2.6% of Hodges Capital Management Inc.'s holdings, making the stock its 5th largest holding. Hodges Capital Management Inc.'s holdings in Uber Technologies were worth $41,197,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UBER. Aspire Private Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $902,000. Dynamic Advisor Solutions LLC lifted its holdings in Uber Technologies by 6.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,089 shares of the ride-sharing company's stock valued at $1,024,000 after buying an additional 857 shares during the period. FLC Capital Advisors boosted its position in Uber Technologies by 15.3% during the second quarter. FLC Capital Advisors now owns 11,120 shares of the ride-sharing company's stock valued at $808,000 after acquiring an additional 1,472 shares during the last quarter. LVW Advisors LLC grew its holdings in Uber Technologies by 18.3% during the 2nd quarter. LVW Advisors LLC now owns 3,608 shares of the ride-sharing company's stock worth $262,000 after acquiring an additional 559 shares during the period. Finally, Alpha Cubed Investments LLC raised its position in shares of Uber Technologies by 1,025.2% in the 2nd quarter. Alpha Cubed Investments LLC now owns 32,474 shares of the ride-sharing company's stock worth $2,360,000 after acquiring an additional 29,588 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UBER shares. DA Davidson raised their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Jefferies Financial Group upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Wells Fargo & Company cut their price target on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Oppenheimer raised their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Friday, September 27th. Finally, Daiwa America lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $90.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER stock traded up $0.86 during trading on Friday, reaching $66.09. 36,413,161 shares of the company's stock traded hands, compared to its average volume of 20,686,796. The firm's 50-day moving average is $74.66 and its 200 day moving average is $71.47. The company has a market capitalization of $139.17 billion, a P/E ratio of 32.88, a PEG ratio of 0.82 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year 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 - Get Free Report) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping 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 business's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. Equities research analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current 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.