Focus Partners Wealth Purchases 345,724 Shares of Uber Technologies, Inc. $UBER

Key Points

• Focus Partners Wealth increased its stake in Uber Technologies, purchasing an additional 345,724 shares, bringing its total holdings to 651,331 shares worth $47.45 million.
• Insider trading reports revealed that Jill Hazelbaker sold 31,250 shares at an average price of $96.42, representing a 26.53% decrease in her position.
• Analysts have a consensus "Moderate Buy" rating for Uber, with a price target averaging $103.06, indicating positive outlook amidst stock fluctuations.

Focus Partners Wealth grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 113.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 651,331 shares of the ride-sharing company's stock after purchasing an additional 345,724 shares during the period. Focus Partners Wealth's holdings in Uber Technologies were worth $47,450,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. lifted its stake in shares of 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 acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,250 shares of the business'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 transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction 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 trade 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 48,696 shares of company stock valued at $4,632,774. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 1.3%

Shares of NYSE:UBER opened at $94.24 on Thursday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The business's fifty day simple moving average is $92.54 and its 200-day simple moving average is $84.30. The company has a market capitalization of $196.53 billion, a PE ratio of 16.05, a P/E/G ratio of 1.09 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the business posted $0.47 EPS. The business's revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of a number of research analyst reports. Cowen reissued a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company raised their price objective on Uber Technologies from $119.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.06.

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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