Cooper Creek Partners Management LLC Decreases Position in Uber Technologies, Inc. $UBER

Cooper Creek Partners Management LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 406,316 shares of the ride-sharing company’s stock after selling 55,000 shares during the quarter. Uber Technologies comprises 1.2% of Cooper Creek Partners Management LLC’s portfolio, making the stock its 25th biggest holding. Cooper Creek Partners Management LLC’s holdings in Uber Technologies were worth $37,909,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Kilter Group LLC purchased a new position in Uber Technologies during the second quarter worth $26,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies during the 2nd quarter valued at about $30,000. Truvestments Capital LLC raised its position in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its position in Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 567,625 shares of company stock valued at $55,385,660 over the last ninety days. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. Guggenheim cut their target price on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research report on Wednesday, November 5th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.74.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $91.25 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $92.80 and its 200-day moving average price is $91.81. The firm has a market cap of $189.60 billion, a P/E ratio of 11.73 and a beta of 1.19. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter last year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.