Annis Gardner Whiting Capital Advisors LLC Sells 9,565 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Annis Gardner Whiting Capital Advisors LLC reduced its stake in Uber Technologies by 31.8%, selling 9,565 shares and now holding 20,518 shares valued at approximately $1.5 million.
• Insider trading activity includes Jill Hazelbaker selling 34,884 shares for over $3 million and CFO Prashanth Mahendra-Rajah selling 2,750 shares valued at $261,250, representing significant decreases in their holdings.
• Uber Technologies has been rated with a consensus of "Moderate Buy" by analysts, with an average price target of $100.71, indicating a positive outlook for the company despite some recent downgrades by certain analysts.

Annis Gardner Whiting Capital Advisors LLC trimmed its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 31.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,518 shares of the ride-sharing company's stock after selling 9,565 shares during the period. Annis Gardner Whiting Capital Advisors LLC's holdings in Uber Technologies were worth $1,495,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Clark Capital Management Group Inc. increased its stake in shares of Uber Technologies by 11,354.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after buying an additional 399,008 shares during the period. UMB Bank n.a. increased its stake in shares of Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after buying an additional 3,073 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the period. Mufg Securities Americas Inc. purchased a new position in shares of Uber Technologies in the fourth quarter worth $1,875,000. Finally, APG Asset Management N.V. purchased a new position in shares of Uber Technologies in the fourth quarter worth $84,687,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

NYSE UBER opened at $88.56 on Tuesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71. The firm has a market capitalization of $185.20 billion, a P/E ratio of 15.51, a PEG ratio of 1.00 and a beta of 1.43. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $89.12 and a 200-day moving average price of $80.47.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UBER shares. Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wedbush reiterated a "neutral" rating and issued a $85.00 price target on shares of Uber Technologies in a report on Friday. KeyCorp lifted their price target 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.71.

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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