Cozad Asset Management Inc. Sells 855 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cozad Asset Management Inc. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,762 shares of the ride-sharing company’s stock after selling 855 shares during the quarter. Cozad Asset Management Inc.’s holdings in Uber Technologies were worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UBER. Aptus Capital Advisors LLC boosted its position in shares of Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares during the period. Lederer & Associates Investment Counsel CA bought a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $799,000. Samlyn Capital LLC purchased a new position in Uber Technologies during the 2nd quarter valued at $134,987,000. Hedeker Wealth LLC bought a new position in Uber Technologies in the 3rd quarter valued at $6,519,000. Finally, Brookstone Capital Management increased its stake in Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after purchasing an additional 25,814 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $73.12 on Friday. The firm has a market capitalization of $153.97 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company’s fifty day moving average price is $75.47 and its 200-day moving average price is $70.93. Uber Technologies, Inc. has a 1-year low of $48.90 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Raymond James initiated coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target for the company. Finally, Citigroup raised their price objective on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Company 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.