Graybill Wealth Management LTD. Buys Shares of 68,913 Uber Technologies, Inc. (NYSE:UBER)

Graybill Wealth Management LTD. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 68,913 shares of the ride-sharing company's stock, valued at approximately $5,021,000. Uber Technologies comprises about 1.7% of Graybill Wealth Management LTD.'s holdings, making the stock its 25th biggest position.

Other large investors have also recently bought and sold shares of the company. Navalign LLC boosted its holdings in shares of Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares during the last quarter. Amplius Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 3.6% during the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the last quarter. United Advisor Group LLC boosted its holdings in shares of Uber Technologies by 3.6% during the fourth quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock worth $263,000 after purchasing an additional 153 shares during the last quarter. Finally, American Financial Advisors LLC boosted its holdings in shares of Uber Technologies by 3.0% during the first quarter. American Financial Advisors LLC now owns 5,401 shares of the ride-sharing company's stock worth $394,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays boosted their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Canaccord Genuity Group restated a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Citigroup upped their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, DA Davidson upped their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $97.26.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value 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 $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 available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 1.1%

NYSE:UBER opened at $95.36 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72. The business's 50-day simple moving average is $88.47 and its 200 day simple moving average is $77.75. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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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