Uber Technologies, Inc. $UBER Shares Purchased by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC increased its ownership in Uber Technologies by 35.6% in Q2, acquiring an additional 145,071 shares, bringing its total to 552,662 shares, valued at approximately $51.56 million.
• Significant insider transactions occurred, including Jill Hazelbaker selling 31,250 shares and Nikki Krishnamurthy selling 11,571 shares, indicating a total insider sale of over $33 million worth of Uber stock in the last quarter.
• Analysts have varying price targets for Uber, with a consensus target price of $103.06, reflecting a mix of ratings with one Strong Buy, twenty-nine Buy, and ten Hold ratings.

Annex Advisory Services LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 35.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 552,662 shares of the ride-sharing company's stock after purchasing an additional 145,071 shares during the period. Uber Technologies comprises about 1.2% of Annex Advisory Services LLC's portfolio, making the stock its 23rd largest position. Annex Advisory Services LLC's holdings in Uber Technologies were worth $51,563,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nova Wealth Management Inc. lifted its position in Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Atticus Wealth Management LLC raised its holdings in Uber Technologies by 39.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock valued at $42,000 after buying an additional 127 shares during the last quarter. Grove Bank & Trust raised its holdings in Uber Technologies by 0.9% during the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after buying an additional 133 shares during the last quarter. Forum Financial Management LP increased its position in 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 valued at $798,000 after purchasing an additional 136 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its position 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 buying an additional 138 shares during the period. Institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Tony West sold 3,125 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was 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 of the company's stock, valued at $16,175,555. This represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,571 shares of company stock worth $33,810,741. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Trading Down 1.3%

NYSE:UBER traded down $1.28 during trading hours on Tuesday, hitting $98.11. The company had a trading volume of 9,794,306 shares, compared to its average volume of 21,590,773. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a 50-day moving average of $92.74 and a 200 day moving average of $85.61. The company has a market cap of $204.60 billion, a P/E ratio of 16.71 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The company's quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Susquehanna upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. UBS Group increased their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Roth Capital upped their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.06.

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.