Strengthening Families & Communities LLC Sells 7,374 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Strengthening Families & Communities LLC reduced its stake in Uber Technologies by 28.8%, selling 7,374 shares during the first quarter, leaving it with 18,249 shares valued at $1.33 million.
• Insider trading activity includes Jill Hazelbaker selling 34,884 shares for over $3 million and CFO Prashanth Mahendra-Rajah selling 2,750 shares, indicating a decrease in their holdings.
• Recent analyst upgrades have increased price targets for Uber's stock, with upwards adjustments from multiple brokerages, reflecting a generally positive outlook with an average target price of $102.82.

Strengthening Families & Communities LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 28.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,249 shares of the ride-sharing company's stock after selling 7,374 shares during the quarter. Strengthening Families & Communities LLC's holdings in Uber Technologies were worth $1,330,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the 1st 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. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on UBER. DA Davidson raised their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Susquehanna lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Finally, Barclays reissued an "overweight" rating and issued a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $102.82.

Uber Technologies Trading Down 3.3%

NYSE UBER opened at $89.64 on Friday. The business's fifty day moving average is $89.44 and its 200-day moving average is $81.16. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The stock has a market capitalization of $187.45 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.02.

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 for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the firm posted $0.47 EPS. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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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