Caliber Wealth Management LLC KS Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Caliber Wealth Management LLC has acquired a new stake in Uber Technologies, purchasing 4,922 shares valued at approximately $359,000 in the first quarter.
• Recent insider activity included Jill Hazelbaker selling 34,884 shares for over $3 million, reducing her stake by 25.46%, and CFO Prashanth Mahendra-Rajah also sold shares, decreasing his ownership by 11.12%.
• Wall Street analysts have mixed ratings for Uber, with target price adjustments resulting in an average target of $100.26 and a consensus rating of "Moderate Buy".

Caliber Wealth Management LLC KS acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,922 shares of the ride-sharing company's stock, valued at approximately $359,000.

Several other institutional investors also recently made changes to their positions in the stock. Transce3nd LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. boosted its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in Uber Technologies in the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's 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 directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,496,071 over the last three months. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UBER shares. Sanford C. Bernstein increased their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. UBS Group increased their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC raised their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Piper Sandler raised their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.26.

Uber Technologies Trading Up 0.5%

Shares of UBER stock opened at $91.31 on Friday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.71. The company has a market capitalization of $190.94 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.05 and a beta of 1.40. The firm has a 50-day moving average price of $89.29 and a 200 day moving average price of $79.51. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (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 the consensus estimate of $11.61 billion. During the same period last year, the firm posted ($0.32) EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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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