Delta Investment Management LLC Has $599,000 Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Delta Investment Management LLC reduced its stake in Uber Technologies by 24.9%, now holding 8,215 shares valued at $599,000.
• Analysts have recently adjusted their price targets for Uber Technologies, with JPMorgan raising its target from $105.00 to $110.00 and the average target price now at $102.82.
• Insider trading activity includes CFO Prashanth Mahendra-Rajah selling 2,750 shares at $95.00, while a total of 45,571 shares have been sold by insiders in the last 90 days.

Delta Investment Management LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 24.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,215 shares of the ride-sharing company's stock after selling 2,728 shares during the period. Delta Investment Management LLC's holdings in Uber Technologies were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBER. RB Capital Management LLC grew its position in shares of Uber Technologies by 14.7% during the 1st quarter. RB Capital Management LLC now owns 11,777 shares of the ride-sharing company's stock worth $858,000 after buying an additional 1,507 shares during the period. CreativeOne Wealth LLC boosted its stake in Uber Technologies by 64.8% during the 1st quarter. CreativeOne Wealth LLC now owns 27,307 shares of the ride-sharing company's stock worth $1,990,000 after acquiring an additional 10,735 shares during the last quarter. Ieq Capital LLC grew its holdings in Uber Technologies by 20.5% during the first quarter. Ieq Capital LLC now owns 372,359 shares of the ride-sharing company's stock valued at $27,130,000 after purchasing an additional 63,343 shares during the period. Redwood Investment Management LLC bought a new stake in Uber Technologies in the first quarter valued at approximately $1,339,000. Finally, Samalin Investment Counsel LLC bought a new stake in Uber Technologies in the first quarter valued at approximately $222,000. Institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Wells Fargo & Company lowered their price target on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. KeyCorp raised their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, Loop Capital reissued a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $102.82.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on 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 sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,571 shares of company stock valued at $4,335,899 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Uber Technologies Stock Up 1.6%

Shares of UBER stock opened at $96.71 on Wednesday. The firm's fifty day moving average price is $91.52 and its two-hundred day moving average price is $83.26. 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 $97.71. The firm has a market capitalization of $201.69 billion, a P/E ratio of 16.48, a PEG ratio of 1.09 and a beta of 1.43.

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