Krilogy Financial LLC Has $2.44 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Krilogy Financial LLC has reduced its stake in Uber Technologies by 19.8%, now owning 26,103 shares valued at approximately $2.44 million.
• Analysts maintain a consensus rating of "Moderate Buy" for Uber with a target price averaging $103.06, emphasizing a generally positive outlook among investors.
• Recent insider transactions included Jill Hazelbaker selling 31,250 shares for over $3 million, indicating a shift in insider holdings with 3.70% of the stock currently owned by insiders.

Krilogy Financial LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,103 shares of the ride-sharing company's stock after selling 6,439 shares during the quarter. Krilogy Financial LLC's holdings in Uber Technologies were worth $2,435,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter worth about $27,000. Kozak & Associates Inc. increased its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC increased its stake in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co increased its stake in shares of Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on UBER shares. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Loop Capital reaffirmed a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Susquehanna upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Finally, Wedbush lowered their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred 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 approximately $8,343,319.02. This represents a 26.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider owned 170,269 shares in the company, valued at $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock valued at $4,632,774 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $98.79 on Tuesday. The company has a market capitalization of $206.02 billion, a PE ratio of 16.83, a P/E/G ratio of 1.10 and a beta of 1.43. The company has a 50 day simple moving average of $92.66 and a two-hundred day simple moving average of $84.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $98.86.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.