Freedom Investment Management Inc. Decreases Stake in Uber Technologies, Inc. $UBER

Key Points

• Freedom Investment Management Inc. has reduced its stake in Uber Technologies by 25.8%, now owning 10,137 shares worth approximately $739,000.
• Numerous institutional investors have adjusted their positions in Uber, with notable increases, including GPS Wealth Strategies Group LLC, which raised its holdings by 305.1%.
• Recent analyst reports have generally been positive, with JPMorgan and DA Davidson raising their price targets and providing "buy" ratings for Uber shares.

Freedom Investment Management Inc. lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,137 shares of the ride-sharing company's stock after selling 3,533 shares during the period. Freedom Investment Management Inc.'s holdings in Uber Technologies were worth $739,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the 4th quarter worth about $27,000. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC purchased a new position in Uber Technologies in the 1st quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in Uber Technologies in the 1st quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC increased its stake 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 worth $29,000 after buying an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Finally, Needham & Company LLC increased their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Stock Down 1.1%

Shares of UBER stock traded down $1.09 during mid-day trading on Wednesday, hitting $95.44. 11,347,844 shares of the stock traded hands, compared to its average volume of 18,562,228. The stock has a market cap of $199.02 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.11 and a beta of 1.43. The stock's fifty day moving average is $91.76 and its two-hundred day moving average is $83.35. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

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

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,571 shares of company stock valued at $4,335,899. 3.84% of the stock is currently owned by insiders.

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.