Second Half Financial Partners LLC Purchases Shares of 3,759 Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Second Half Financial Partners LLC has acquired a new stake in Uber Technologies, purchasing 3,759 shares valued at approximately $274,000.
• Insider activity has been notable, with Jill Hazelbaker selling 34,884 shares and CFO Prashanth Mahendra-Rajah selling 2,750 shares, indicating a decrease in their ownership stakes.
• Uber reported a quarterly net margin of 27.07% and earnings of $0.83 per share, which exceeded analysts' expectations of $0.50.

Second Half Financial Partners LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,759 shares of the ride-sharing company's stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares in the last quarter. Capital World Investors increased its stake in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares in the last quarter. Northern Trust Corp increased its stake in Uber Technologies by 9.0% during the 4th quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock worth $1,117,158,000 after buying an additional 1,528,168 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Uber Technologies by 13.4% during the 4th quarter. Schroder Investment Management Group now owns 7,272,915 shares of the ride-sharing company's stock worth $438,702,000 after buying an additional 860,257 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In related 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 sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UBER. Piper Sandler upped their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. UBS Group increased their price target on shares of Uber Technologies from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. TD Cowen dropped their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Barclays raised their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $100.71.

Uber Technologies Stock Up 0.2%

UBER traded up $0.18 during trading on Wednesday, hitting $87.29. The company had a trading volume of 7,537,819 shares, compared to its average volume of 22,253,910. The firm's 50-day moving average price is $89.16 and its 200 day moving average price is $79.94. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The company has a market capitalization of $182.53 billion, a PE ratio of 15.32, a PEG ratio of 1.04 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts expect 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.