Apollon Wealth Management LLC Has $2.31 Million Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Apollon Wealth Management LLC increased its holdings in Uber Technologies by 23.0%, now owning 24,783 shares valued at $2.31 million.
• Uber's stock saw a 12-month low of $59.33 and a high of $101.99, currently trading around $93.52.
• Insider activity included the sale of 300,000 shares by CEO Dara Khosrowshahi for approximately $28.6 million, reducing his ownership by 20.94%.

Apollon Wealth Management LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,783 shares of the ride-sharing company's stock after purchasing an additional 4,641 shares during the quarter. Apollon Wealth Management LLC's holdings in Uber Technologies were worth $2,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Nova Wealth Management Inc. raised its stake in Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock valued at $31,000 after acquiring an additional 125 shares during the period. Atticus Wealth Management LLC raised its stake in Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock valued at $42,000 after acquiring an additional 127 shares during the period. Grove Bank & Trust increased its position 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 worth $1,030,000 after buying an additional 133 shares during the period. 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 worth $798,000 after buying an additional 136 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its position in Uber Technologies by 42.1% during 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. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares of the company's stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock valued at $58,659,491 over the last ninety days. Insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $93.52 on Monday. The business's 50-day moving average price is $94.86 and its 200-day moving average price is $88.00. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The firm has a market capitalization of $195.03 billion, a price-to-earnings ratio of 15.93 and a beta of 1.48. 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 analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the firm posted $0.47 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Needham & Company LLC increased their price objective on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Barclays reiterated an "overweight" rating and set a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Wells Fargo & Company decreased their price target on Uber Technologies from $127.00 to $125.00 and set an "overweight" rating on the stock in a research report on Friday, October 3rd. Finally, Mizuho began coverage on Uber Technologies in a research report on Monday, September 29th. They issued an "outperform" rating and a $130.00 price target on the stock. Two investment analysts have 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.03.

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.

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