BloombergSen Inc. Sells 6,684 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• BloombergSen Inc. has reduced its stake in Uber Technologies by 23.9%, selling 6,684 shares and now holding 21,257 shares, valued at approximately $1,549,000.
• Insiders, including Jill Hazelbaker and CFO Prashanth Mahendra-Rajah, sold significant shares recently, indicating a combined total of 40,384 shares sold in the last ninety days.
• UBER shares experienced a slight increase of 0.5%, and the stock has a 52-week trading range between $54.84 and $97.71, with analysts giving a "Moderate Buy" consensus rating.

BloombergSen Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,257 shares of the ride-sharing company's stock after selling 6,684 shares during the quarter. Uber Technologies accounts for about 0.1% of BloombergSen Inc.'s holdings, making the stock its 19th largest holding. BloombergSen Inc.'s holdings in Uber Technologies were worth $1,549,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UBER. Brighton Jones LLC increased its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Uber Technologies by 65.0% during the 4th 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 in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Uber Technologies during the 4th quarter worth approximately $395,000. Congress Wealth Management LLC DE increased its stake in Uber Technologies by 65.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 28,999 shares of the ride-sharing company's stock worth $1,749,000 after buying an additional 11,466 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in Uber Technologies by 29.4% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,426 shares of the ride-sharing company's stock worth $569,000 after buying an additional 2,143 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.5%

Shares of UBER traded up $0.44 during trading hours on Friday, hitting $91.31. 13,845,668 shares of the stock were exchanged, compared to its average volume of 16,021,651. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $89.29 and a 200-day moving average of $79.51. The firm has a market capitalization of $190.94 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40.

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

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Stifel Nicolaus initiated coverage on Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 price objective for the company. Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Bank of America upped their price target on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Sanford C. Bernstein upped their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Loop Capital restated a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $100.26.

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.