Cooper Financial Group Buys 12,642 Shares of Uber Technologies, Inc. $UBER

Key Points

• Cooper Financial Group increased its stake in Uber Technologies by 276.2%, acquiring an additional 12,642 shares, bringing its total holdings to 17,219 shares valued at $1,607,000.
• Insiders, including Jill Hazelbaker and Tony West, sold a total of over 604,000 shares of Uber stock worth nearly $59 million in the past three months, indicating a significant decrease in their ownership positions.
• Uber Technologies reported strong earnings, with EPS of $0.63 and revenue of $12.65 billion for the last quarter, which surpassed analysts' expectations.

Cooper Financial Group grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 276.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,219 shares of the ride-sharing company's stock after purchasing an additional 12,642 shares during the period. Cooper Financial Group's holdings in Uber Technologies were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UBER. Nova Wealth Management Inc. lifted its stake in shares of Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock valued at $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC raised its stake in 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 buying an additional 127 shares during the period. Grove Bank & Trust raised its stake in 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 buying an additional 133 shares during the period. Forum Financial Management LP raised its stake in 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 buying an additional 136 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in 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 buying an additional 138 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 100,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were 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 owned 171,558 shares of the company's stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,571 shares of company stock worth $58,920,741 over the last three months. Company insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

UBER stock opened at $97.94 on Wednesday. The stock has a 50-day moving average price of $93.58 and a two-hundred day moving average price of $86.64. The stock has a market cap of $204.25 billion, a PE ratio of 16.68 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays reaffirmed an "overweight" rating and set a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Raymond James Financial raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Needham & Company LLC raised their price objective on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. KeyCorp raised their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, Mizuho assumed coverage on Uber Technologies in a research note on Monday. They set an "outperform" rating and a $130.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.09.

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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