Cora Capital Advisors LLC Sells 236 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cora Capital Advisors LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,504 shares of the ride-sharing company’s stock after selling 236 shares during the period. Cora Capital Advisors LLC’s holdings in Uber Technologies were worth $400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UBER. Highlander Capital Management LLC increased its holdings in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Treasurer of the State of North Carolina increased its holdings in Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after acquiring an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA grew its stake in Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after buying an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $1,112,000. Finally, Fifth Third Bancorp grew its stake in Uber Technologies by 54.3% in the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock worth $4,242,000 after buying an additional 24,247 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UBER. Piper Sandler boosted their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. KeyCorp upped their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Citigroup upped their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Susquehanna upped their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $0.26 during midday trading on Friday, hitting $69.05. The company had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. The stock has a market cap of $143.72 billion, a price-to-earnings ratio of 80.29, a PEG ratio of 1.09 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $76.30 and a 200 day simple moving average of $64.60. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the company earned $0.29 EPS. Uber Technologies’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, analysts predict that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

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.