MBB Public Markets I LLC Makes New $307,000 Investment in Uber Technologies, Inc. $UBER

Key Points

• MBB Public Markets I LLC invested approximately $307,000 in Uber Technologies, acquiring 4,220 shares of stock during the first quarter.
• Analysts have varied ratings on Uber, with a consensus of "Moderate Buy" and a price target averaging $103.06, reflecting both optimism and caution from different research firms.
• Insider trading activity shows significant sales, with Uber's CFO selling 2,750 shares and a senior VP selling over 11,500 shares, indicating a decrease in their positions.

MBB Public Markets I LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,220 shares of the ride-sharing company's stock, valued at approximately $307,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter worth about $27,000. Kozak & Associates Inc. grew its position in Uber Technologies by 155.9% during the first 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. Vision Financial Markets LLC acquired a new stake 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% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares in the last quarter. Finally, Perkins Coie Trust Co raised its position in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UBER shares. Wedbush cut their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Cantor Fitzgerald restated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Loop Capital restated a "buy" rating and set a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Raymond James Financial lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Finally, Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The shares were 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 $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,696 shares of company stock worth $4,632,774. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $94.24 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $196.53 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.09 and a beta of 1.43. The company's 50 day simple moving average is $92.54 and its 200 day simple moving average is $84.30. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for 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 quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS 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.

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