Arista Wealth Management LLC Invests $762,000 in Uber Technologies, Inc. $UBER

Key Points

• Arista Wealth Management LLC invested approximately $762,000 in Uber Technologies, purchasing 8,163 shares during the 2nd quarter.
• Analysts have generally rated Uber positively, with a consensus target price of $105.68 and a significant portion of ratings classified as Buy.
• Recent insider transactions reveal that executives have sold over 601,821 shares in the last 90 days, contributing to a 3.84% insider ownership in the company.

Arista Wealth Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,163 shares of the ride-sharing company's stock, valued at approximately $762,000.

A number of other institutional investors have also made changes to their positions in the business. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the first quarter worth approximately $27,000. West Oak Capital LLC acquired a new position in Uber Technologies in the second quarter valued at about $28,000. Truvestments Capital LLC boosted its position in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies in the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd acquired a new position in Uber Technologies during the first quarter worth about $31,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the topic of a number of research reports. Mizuho initiated coverage on Uber Technologies in a research report on Monday, September 29th. They set an "outperform" rating and a $130.00 price objective on the stock. Sanford C. Bernstein boosted their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Royal Bank Of Canada raised their target price on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Needham & Company LLC boosted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Stifel Nicolaus raised 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. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $105.68.

Uber Technologies Price Performance

UBER opened at $92.47 on Friday. The firm has a 50-day moving average price of $95.17 and a 200-day moving average price of $88.37. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a market capitalization of $192.84 billion, a price-to-earnings ratio of 15.75 and a beta of 1.48.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 100,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares of the company's stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.84% 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.

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