Anchor Investment Management LLC Boosts Holdings in Uber Technologies, Inc. $UBER

Key Points

• Anchor Investment Management LLC increased its stake in Uber Technologies by 9.2%, now owning a total of 34,056 shares valued at approximately $2.48 million.
• Insider selling includes significant transactions by Tony West and Jill Hazelbaker, who sold 3,125 and 31,250 shares respectively, indicating a decrease in insider ownership.
• Several equity analysts have raised their price targets for Uber, with estimates now ranging between $100.00 and $117.00, reflecting a consensus rating of "Moderate Buy."

Anchor Investment Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,056 shares of the ride-sharing company's stock after purchasing an additional 2,858 shares during the quarter. Anchor Investment Management LLC's holdings in Uber Technologies were worth $2,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the 4th quarter worth $27,000. Kozak & Associates Inc. grew its holdings in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter worth approximately $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 0.5%

Shares of NYSE:UBER traded up $0.51 on Thursday, hitting $94.72. The company had a trading volume of 16,183,957 shares, compared to its average volume of 14,522,019. The firm's 50-day simple moving average is $92.57 and its two-hundred day simple moving average is $84.43. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $197.53 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.08 and a beta of 1.43.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction that occurred 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 directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock valued at $4,632,774 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Loop Capital restated a "buy" rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Barclays restated an "overweight" rating and issued a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.06.

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.