Stableford Capital II LLC Purchases Shares of 10,249 Uber Technologies, Inc. $UBER

Key Points

• Stableford Capital II LLC acquired 10,249 shares of Uber Technologies valued at approximately $936,000 during the second quarter, indicating growing investment interest in the ride-sharing company.
• CEO Dara Khosrowshahi and CFO Prashanth Mahendra-Rajah recently sold significant amounts of Uber stock, with Khosrowshahi's transaction amounting to $28.6 million.
• Analysts have issued a consensus rating of "Moderate Buy" for Uber Technologies, with multiple price target upgrades, reflecting positive expectations for the company's future performance.

Stableford Capital II LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 10,249 shares of the ride-sharing company's stock, valued at approximately $936,000.

Other large investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. raised its stake in Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock valued at $31,000 after buying an additional 125 shares during the last quarter. Atticus Wealth Management LLC increased its holdings in shares of Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 127 shares during the period. Forum Financial Management LP increased its holdings in shares of Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after purchasing an additional 136 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Uber Technologies by 42.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 138 shares during the period. Finally, Rogco LP increased its holdings in shares of Uber Technologies by 1.6% in the second quarter. Rogco LP now owns 8,925 shares of the ride-sharing company's stock valued at $833,000 after purchasing an additional 139 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing 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 that occurred 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 owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock valued at $58,659,491 in the last 90 days. 3.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research reports. Mizuho began coverage on Uber Technologies in a report on Monday, September 29th. They issued an "outperform" rating and a $130.00 price objective on the stock. Raymond James Financial increased their price target 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Roth Capital increased their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Barclays reiterated an "overweight" rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.06.

Uber Technologies Stock Performance

NYSE UBER opened at $94.58 on Thursday. The company has a market cap of $197.24 billion, a PE ratio of 16.11 and a beta of 1.48. The stock's 50 day simple moving average is $95.17 and its 200-day simple moving average is $88.23. 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 current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm's revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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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