Dogwood Wealth Management LLC Has $924,000 Position in Uber Technologies, Inc. $UBER

Key Points

• Dogwood Wealth Management LLC increased its position in Uber Technologies by an astounding 8,284.1% during the 2nd quarter, bringing its total holdings to 9,474 shares valued at $924,000.
• CEO Dara Khosrowshahi and CFO Prashanth Mahendra-Rajah sold significant shares recently, with Khosrowshahi selling 150,000 shares for approximately $15.07 million, representing a 13.24% decrease in his ownership.
• Uber's stock has seen various price target upgrades, with analysts setting targets as high as $117.00, reflecting a generally positive outlook amid a volatile market.

Dogwood Wealth Management LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8,284.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,474 shares of the ride-sharing company's stock after buying an additional 9,361 shares during the quarter. Dogwood Wealth Management LLC's holdings in Uber Technologies were worth $924,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kozak & Associates Inc. increased its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. West Oak Capital LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC increased its position in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In related news, 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 completion of the sale, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company's stock, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock valued at $58,920,741 in the last three months. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Stock Down 1.6%

UBER opened at $97.94 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50-day moving average is $93.58 and its 200 day moving average is $86.64. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a market capitalization of $204.25 billion, a P/E ratio of 16.68 and a beta of 1.43.

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 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 for the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group upped their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Susquehanna increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Roth Capital increased their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus increased their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $104.09.

Uber Technologies 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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