Transamerica Financial Advisors LLC Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Transamerica Financial Advisors LLC has made a new investment in Uber Technologies, purchasing 53,737 shares valued at approximately $3.9 million during the first quarter.
• Insider Jill Hazelbaker sold 31,250 shares of Uber at an average price of $96.42, marking a significant decrease in their position.
• Uber's quarterly earnings surpassed expectations, with reported earnings per share of $0.63, exceeding the consensus estimate of $0.61 and revenues of $12.65 billion.

Transamerica Financial Advisors LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 53,737 shares of the ride-sharing company's stock, valued at approximately $3,916,000.

Several other large investors have also modified their holdings of the company. Noble Wealth Management PBC acquired a new position in Uber Technologies during the 1st quarter worth $27,000. Kozak & Associates Inc. grew 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 purchasing an additional 223 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter worth about $27,000. GPS Wealth Strategies Group LLC lifted its position in shares of 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 worth $29,000 after purchasing an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its stake in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was 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 directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,571 shares of company stock valued at $4,335,899. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

NYSE:UBER opened at $96.71 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50-day moving average of $91.52 and a 200-day moving average of $83.26. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a market capitalization of $201.69 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.09 and a beta of 1.43.

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

Analyst Ratings Changes

A number of analysts have issued reports on UBER shares. The Goldman Sachs Group raised their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Stifel Nicolaus increased their price objective on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Barclays reiterated an "overweight" rating and set a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Needham & Company LLC increased their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. One research analyst has 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, the company has a consensus rating of "Moderate Buy" and an average target price of $102.82.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.