Fox Run Management L.L.C. Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Fox Run Management L.L.C. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 65.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,342 shares of the ride-sharing company's stock after selling 10,229 shares during the quarter. Fox Run Management L.L.C.'s holdings in Uber Technologies were worth $322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Kingsview Wealth Management LLC increased its position in Uber Technologies by 18.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company's stock valued at $1,231,000 after purchasing an additional 2,546 shares during the period. Larson Financial Group LLC increased its position in shares of Uber Technologies by 38.1% during the third quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company's stock worth $247,000 after buying an additional 906 shares during the period. Brown Brothers Harriman & Co. raised its stake in Uber Technologies by 178.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company's stock worth $272,000 after buying an additional 2,314 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Uber Technologies in the third quarter valued at $749,000. Finally, The Manufacturers Life Insurance Company boosted its position in Uber Technologies by 0.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company's stock valued at $98,168,000 after acquiring an additional 11,190 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on UBER. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $90.31.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last quarter. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

NYSE UBER traded down $2.15 on Friday, hitting $72.71. 11,255,568 shares of the stock traded hands, compared to its average volume of 20,097,389. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The business's fifty day moving average is $73.44 and its two-hundred day moving average is $71.76. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market capitalization of $152.09 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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.