Cooper Creek Partners Management LLC Has $4.54 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cooper Creek Partners Management LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,316 shares of the ride-sharing company's stock after selling 386,000 shares during the quarter. Cooper Creek Partners Management LLC's holdings in Uber Technologies were worth $4,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UBER. Norges Bank acquired a new position in Uber Technologies in the fourth quarter worth $1,467,754,000. Jennison Associates LLC lifted its position in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new position in Uber Technologies during the 4th quarter worth about $381,057,000. Assenagon Asset Management S.A. grew its holdings in Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after acquiring an additional 5,753,637 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new stake in Uber Technologies in the 4th quarter valued at about $166,072,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on UBER. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, April 9th. Citigroup decreased their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Ten 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.81.

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Uber Technologies Stock Up 1.3 %

NYSE UBER traded up $0.97 on Tuesday, reaching $74.07. The company had a trading volume of 13,754,270 shares, compared to its average volume of 20,339,184. The company's fifty day moving average is $74.19 and its 200-day moving average is $71.44. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a market capitalization of $154.94 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

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.