Annex Advisory Services LLC Buys 145,071 Shares of Uber Technologies, Inc. $UBER

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% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 552,662 shares of the ride-sharing company's stock after purchasing an additional 145,071 shares during the period. Uber Technologies makes up approximately 1.2% of Annex Advisory Services LLC's holdings, making the stock its 23rd biggest position. Annex Advisory Services LLC's holdings in Uber Technologies were worth $51,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the 4th quarter worth about $27,000. Kozak & Associates Inc. boosted 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 valued at $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC boosted 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 valued at $29,000 after acquiring an additional 299 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 4.2%

Shares of UBER stock traded up $3.98 during trading on Friday, reaching $98.68. The company's stock had a trading volume of 38,703,086 shares, compared to its average volume of 17,522,252. The business has a fifty day moving average price of $92.63 and a 200-day moving average price of $85.45. 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 company has a market cap of $205.79 billion, a price-to-earnings ratio of 16.81 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $99.70.

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 business 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%. Uber Technologies's revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UBER shares. KeyCorp increased their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. BMO Capital Markets increased their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Bank of America increased their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus upped their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $103.06.

Insiders Place Their Bets

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the sale, the insider directly owned 170,269 shares of the company's stock, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 354,571 shares of company stock worth $33,810,741 over the last quarter. 3.70% of the stock is currently owned by corporate insiders.

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.