Sendero Wealth Management LLC Buys 6,239 Shares of Uber Technologies, Inc. $UBER

Sendero Wealth Management LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 70,493 shares of the ride-sharing company's stock after purchasing an additional 6,239 shares during the quarter. Uber Technologies accounts for 0.8% of Sendero Wealth Management LLC's portfolio, making the stock its 26th biggest position. Sendero Wealth Management LLC's holdings in Uber Technologies were worth $6,577,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Kozak & Associates Inc. increased its position 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 acquiring an additional 223 shares during the period. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies in the first quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in Uber Technologies during the 1st quarter valued at about $27,000. West Oak Capital LLC purchased a new position in Uber Technologies during the 2nd quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC raised its position in 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 valued at $29,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 601,821 shares of company stock valued at $58,659,491. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of UBER opened at $96.53 on Monday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm's 50-day simple moving average is $93.93 and its two-hundred day simple moving average is $87.23. The stock has a market cap of $201.30 billion, a PE ratio of 16.44 and a beta of 1.48. 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 results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for 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%.The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. Mizuho initiated coverage on Uber Technologies in a research report on Monday, September 29th. They issued an "outperform" rating and a $130.00 price objective on the stock. Cantor Fitzgerald reissued 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. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company cut their target price on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Royal Bank Of Canada increased their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Two equities research analysts have 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.03.

Uber Technologies 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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