Brian Low Financial Group LLC Purchases New Stake in Uber Technologies, Inc. $UBER

Key Points

• Brian Low Financial Group LLC has purchased 3,215 shares of Uber Technologies, Inc., valued at approximately $300,000, establishing a new position in the company during the second quarter.
• Uber Technologies received multiple price target upgrades from analysts, with ratings ranging from "Buy" to "Overweight", and an average price target of $105.91.
• Notable insider selling includes Jill Hazelbaker and Tony West, who sold significant amounts of shares, indicating a decrease in their stock ownership by 26.53% and 36.82%, respectively.

Brian Low Financial Group LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,215 shares of the ride-sharing company's stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Nova Wealth Management Inc. boosted its holdings in Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Atticus Wealth Management LLC boosted its stake in shares of Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after buying an additional 127 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of Uber Technologies by 1.3% in 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 last quarter. Crewe Advisors LLC grew its holdings in shares of Uber Technologies by 18.6% in the second quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company's stock valued at $82,000 after acquiring an additional 137 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after acquiring an additional 138 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UBER shares. Piper Sandler upped their price objective on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Roth Capital raised their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus boosted their target price on shares of Uber Technologies from $116.00 to $124.00 and gave the company a "buy" rating in a research note on Friday. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $110.00 price target on shares of Uber Technologies in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $105.91.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 100,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the sale, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock valued at $58,950,116 in the last three months. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

UBER opened at $94.09 on Friday. The company has a market capitalization of $196.21 billion, a price-to-earnings ratio of 16.03 and a beta of 1.48. 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 firm has a 50-day moving average price of $95.42 and a 200-day moving average price of $89.38. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

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. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations 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 EPS. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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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