Fox Run Management L.L.C. Has $322,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

Fox Run Management L.L.C. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 65.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC raised its stake in Uber Technologies by 18.4% in the third 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 in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Uber Technologies by 38.1% during the 3rd quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company’s stock worth $247,000 after acquiring an additional 906 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Uber Technologies by 178.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock worth $272,000 after acquiring an additional 2,314 shares in the last quarter. Qsemble Capital Management LP bought a new position in Uber Technologies in the third quarter valued at approximately $749,000. Finally, The Manufacturers Life Insurance Company raised 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 purchasing an additional 11,190 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company lowered their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Insider Activity

In related news, insider Tony West sold 23,404 shares of the 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 transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last three months. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $74.18 on Thursday. The stock has a market capitalization of $154.95 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. 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 stock’s 50 day moving average price is $73.21 and its two-hundred day moving average price is $71.69.

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