First Heartland Consultants Inc. Acquires New Shares in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• First Heartland Consultants Inc. has acquired 3,307 shares of Uber Technologies, Inc., valued at approximately $241,000, during the first quarter.
• In recent insider trading, key executives including Jill Hazelbaker and Prashanth Mahendra-Rajah sold significant amounts of Uber stock, decreasing their ownership percentages by 25.46% and 11.12%, respectively.
• Research analysts have recently increased their target prices for Uber, with many giving the company a "buy" rating and a consensus price target of $100.26, indicating strong investor optimism.

First Heartland Consultants Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,307 shares of the ride-sharing company's stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Transce3nd LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. increased its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the 1st quarter worth $27,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of 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 worth $29,000 after purchasing an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UBER shares. DA Davidson raised their price objective on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Loop Capital reissued a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Roth Capital raised their price objective on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. 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 report on Monday, July 14th. Finally, Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $100.26.

Uber Technologies Price Performance

NYSE:UBER traded up $0.44 during trading hours on Friday, hitting $91.31. 13,845,668 shares of the stock were exchanged, compared to its average volume of 15,478,298. The company has a market cap of $190.94 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.05 and a beta of 1.40. The firm's fifty day moving average price is $89.29 and its 200 day moving average price is $79.71. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) EPS. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS 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.