3,215 Shares in Uber Technologies, Inc. $UBER Acquired by GK Wealth Management LLC

Key Points

• GK Wealth Management LLC purchased 3,215 shares of Uber Technologies, valued at approximately $234,000, during the first quarter, indicating increased institutional interest in the company.
• Insiders, including executive Jill Hazelbaker, sold a total of 48,696 shares of Uber stock valued at $4.63 million in the last quarter, raising concerns about insider confidence.
• Analysts have revised their target prices for Uber, with BMO Capital raising its estimate from $101.00 to $113.00 and Wells Fargo increasing its target from $119.00 to $127.00, reflecting positive sentiment towards the stock.

GK Wealth Management LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,215 shares of the ride-sharing company's stock, valued at approximately $234,000.

Other large investors also recently modified their holdings of the company. Navalign LLC lifted its holdings in Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust raised its position in shares of Uber Technologies by 0.9% during the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after buying an additional 133 shares in the last quarter. Forum Financial Management LP raised its position in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after buying an additional 136 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after acquiring an additional 138 shares during the period. Finally, Amplius Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after acquiring an additional 145 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider owned 170,269 shares in the company, valued at $16,175,555. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock worth $4,632,774 over the last three months. 3.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Roth Capital lifted their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Cowen restated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Sanford C. Bernstein lifted their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.06.

Uber Technologies Trading Up 1.3%

Shares of NYSE UBER traded up $1.22 during mid-day trading on Friday, hitting $95.90. 13,652,955 shares of the company traded hands, compared to its average volume of 14,605,267. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The stock has a market capitalization of $199.99 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.09 and a beta of 1.43. The business has a 50 day moving average of $92.62 and a two-hundred day moving average of $84.58.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the company earned $0.47 EPS. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share 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.