SGL Investment Advisors Inc. Makes New $871,000 Investment in Uber Technologies, Inc. $UBER

Key Points

• SGL Investment Advisors Inc. has made a new investment in Uber Technologies, Inc., acquiring approximately $871,000 worth of shares during the 2nd quarter.
• Insider Jill Hazelbaker and Tony West have recently sold significant quantities of Uber stock, with Hazelbaker selling over $3 million worth and West selling over $10 million worth, indicating insider trading activity.
• Analysts have raised their price targets for Uber, with Bank of America setting a new target at $115.00 and 22 analysts now rating the stock as a Strong Buy.

SGL Investment Advisors Inc. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,939 shares of the ride-sharing company's stock, valued at approximately $871,000.

A number of other hedge funds have also recently modified their holdings of UBER. UMB Bank n.a. lifted its stake in shares of Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after buying an additional 3,073 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Uber Technologies in the 2nd quarter worth about $96,000. Geneos Wealth Management Inc. lifted its holdings in Uber Technologies by 805.4% during 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 buying an additional 91,362 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Uber Technologies by 42.7% during 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 period. Finally, Kapstone Financial Advisors LLC purchased a new stake in Uber Technologies during the 2nd quarter worth approximately $415,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 100,000 shares of the company's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock valued at $58,659,491 in the last ninety days. Corporate insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Bank of America boosted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Susquehanna upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Wells Fargo & Company lowered their price target on Uber Technologies from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Friday. Finally, UBS Group boosted their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $104.03.

Uber Technologies Stock Performance

Shares of UBER opened at $100.02 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm has a market cap of $208.58 billion, a PE ratio of 17.04 and a beta of 1.48. The stock's fifty day moving average price is $94.12 and its two-hundred day moving average price is $87.40.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the company posted $0.47 EPS. Uber Technologies's quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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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