5,666 Shares in Uber Technologies, Inc. $UBER Acquired by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC acquired 5,666 shares of Uber Technologies, valued at approximately $413,000, in Q1 2023, indicating growing institutional interest in the company.
• Insider sales included Jill Hazelbaker, who sold 31,250 shares for over $3 million, reducing her stake by 26.53%, while a total of 48,696 shares worth $4.6 million were sold by insiders in the last 90 days.
• Analysts have raised their price targets for Uber Technologies, with Bank of America increasing its target from $97 to $115, reflecting strong confidence in the company's future performance.

Integrity Alliance LLC. acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,666 shares of the ride-sharing company's stock, valued at approximately $413,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. GPS Wealth Strategies Group LLC increased its position in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares during the period. Finally, Perkins Coie Trust Co increased its position in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock worth $4,632,774 in the last 90 days. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Up 1.3%

UBER stock opened at $95.90 on Friday. The firm has a market cap of $199.99 billion, a PE ratio of 16.34, a PEG ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm's 50 day moving average price is $92.62 and its 200-day moving average price is $84.58. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating and issued a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. BMO Capital Markets upped their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Sanford C. Bernstein upped their target price on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Finally, Bank of America increased their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.06.

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.

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