Consilium Wealth Advisory LLC Buys 4,063 Shares of Uber Technologies, Inc. $UBER

Key Points

• Consilium Wealth Advisory LLC increased its stake in Uber Technologies by 58.4%, acquiring an additional 4,063 shares during the second quarter, bringing their total holdings to 11,024 shares valued at approximately $1,029,000.
• Insider trading activity includes Tony West selling 100,000 shares for $10 million and CEO Dara Khosrowshahi selling 300,000 shares for $28.6 million, reflecting significant decreases in their respective positions.
• Several research firms have reissued positive ratings for Uber Technologies, with price targets ranging from $84.00 to $110.00, indicating a consensus rating of "Moderate Buy" and a target price of $104.03.

Consilium Wealth Advisory LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 58.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,024 shares of the ride-sharing company's stock after acquiring an additional 4,063 shares during the quarter. Consilium Wealth Advisory LLC's holdings in Uber Technologies were worth $1,029,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Nova Wealth Management Inc. boosted its stake in shares of Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Atticus Wealth Management LLC lifted its position in shares of Uber Technologies by 39.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 127 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Uber Technologies by 0.9% during the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares during the last quarter. Forum Financial Management LP lifted its position in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after purchasing an additional 136 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company's stock, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,571 shares of company stock worth $58,920,741 in the last 90 days. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 0.1%

Uber Technologies stock opened at $96.53 on Friday. The business has a 50 day moving average price of $93.93 and a two-hundred day moving average price of $87.04. 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 stock has a market cap of $201.30 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on UBER. Weiss Ratings reissued a "buy (b)" rating on shares of Uber Technologies in a research report on Saturday, September 27th. Susquehanna boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Barclays reissued an "overweight" rating and set a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Wedbush cut their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group reissued a "hold" rating and set a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.03.

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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