LifeWealth Investments LLC Buys Shares of 2,813 Uber Technologies, Inc. $UBER

Key Points

• LifeWealth Investments LLC has acquired 2,813 shares of Uber Technologies, Inc. (NYSE: UBER), valued at approximately $262,000, during the 2nd quarter.
• Recent institutional activity shows that 80.24% of Uber's stock is owned by hedge funds and institutional investors, with notable increases in positions from firms like Geneos Wealth Management and Northeast Investment Management.
• Research analysts have set various new price targets for Uber, with a consensus rating of "Moderate Buy" and an average price target of $105.70.

LifeWealth Investments LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,813 shares of the ride-sharing company's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hilltop National Bank purchased a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $96,000. Geneos Wealth Management Inc. grew its stake in shares of Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock valued at $7,483,000 after purchasing an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Uber Technologies by 42.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock valued at $70,822,000 after purchasing an additional 226,960 shares during the last quarter. Kapstone Financial Advisors LLC purchased a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $415,000. Finally, Northeast Investment Management grew its stake in shares of Uber Technologies by 168.2% in the 2nd quarter. Northeast Investment Management now owns 91,481 shares of the ride-sharing company's stock valued at $8,535,000 after purchasing an additional 57,369 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 in the last 90 days. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UBER shares. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Stifel Nicolaus lifted their price target on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Needham & Company LLC lifted their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wells Fargo & Company decreased their price target on Uber Technologies from $127.00 to $125.00 and set an "overweight" rating on the stock in a research note on Friday, October 3rd. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $110.00 price target on shares of Uber Technologies in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $105.70.

Uber Technologies Stock Performance

Shares of UBER stock opened at $94.57 on Friday. The stock has a fifty day moving average price of $95.40 and a 200 day moving average price of $89.18. The stock has a market cap of $197.21 billion, a PE ratio of 16.11 and a beta of 1.48. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. 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 (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies's revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.

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