Callan Family Office LLC Has $7.21 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Callan Family Office LLC substantially increased its stake in Uber Technologies by 203.1% in Q2, now holding shares worth approximately $7.21 million.
• Recent analyst upgrades have seen price targets for Uber Technologies raised, with a consensus target of $104.03 and a majority rating of "Buy."
• CEO Dara Khosrowshahi sold 150,000 shares of Uber, decreasing his stake by 13.24%, amidst other insider sales totaling over $58 million in the last quarter.

Callan Family Office LLC raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 203.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 77,251 shares of the ride-sharing company's stock after purchasing an additional 51,761 shares during the period. Callan Family Office LLC's holdings in Uber Technologies were worth $7,208,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Blair William & Co. IL lifted its position in shares of Uber Technologies by 1.8% during the 2nd quarter. Blair William & Co. IL now owns 4,324,033 shares of the ride-sharing company's stock valued at $403,432,000 after acquiring an additional 75,224 shares during the period. TFR Capital LLC. bought a new stake in shares of Uber Technologies in the 2nd quarter worth $337,000. GFG Capital LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth $9,219,000. Leo Wealth LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth $1,988,000. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth $928,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Needham & Company LLC increased their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Susquehanna raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Uber Technologies in a research report on Saturday, September 27th. Finally, Cowen reiterated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $104.03.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction dated 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 transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $96.06 on Friday. The stock has a market cap of $200.32 billion, a P/E ratio of 16.36 and a beta of 1.48. The firm's fifty day simple moving average is $94.73 and its 200 day simple moving average is $87.69. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The business 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%. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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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