Dakota Wealth Management Purchases 10,408 Shares of Uber Technologies, Inc. $UBER

Key Points

• Dakota Wealth Management increased its holdings in Uber Technologies by 21.5%, acquiring an additional 10,408 shares during the second quarter, bringing their total ownership to 58,861 shares valued at approximately $5.5 million.
• Recent insider transactions show that CEO Dara Khosrowshahi sold 150,000 shares valued at over $15 million, indicating a 13.24% reduction in his ownership.
• Brokerage firms have mixed views on Uber, with price targets varying; most recently, UBS raised its target to $117, while others, including Wedbush, have lowered theirs to $84, contributing to a consensus rating of "Moderate Buy."

Dakota Wealth Management grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,861 shares of the ride-sharing company's stock after purchasing an additional 10,408 shares during the quarter. Dakota Wealth Management's holdings in Uber Technologies were worth $5,492,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC bought a new stake in Uber Technologies during the second quarter valued at $28,000. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% during the first 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. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in Uber Technologies by 305.1% in the first 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 in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 604,571 shares of company stock worth $58,920,741. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Wedbush reduced their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. UBS Group upped their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets boosted their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Uber Technologies Stock Performance

Shares of UBER opened at $97.60 on Friday. The firm has a market capitalization of $203.55 billion, a P/E ratio of 16.63 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The stock has a 50 day moving average price of $93.13 and a two-hundred day moving average price of $85.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (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 company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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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