Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 48.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,374 shares of the ride-sharing company's stock after selling 6,051 shares during the quarter. Whalen Wealth Management Inc.'s holdings in Uber Technologies were worth $464,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of UBER. Transce3nd LLC purchased a new position in Uber Technologies during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. raised its stake 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 in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Citigroup increased their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. DA Davidson boosted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wells Fargo & Company upped their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $94.39.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% 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 Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of UBER opened at $83.73 on Monday. The firm has a market capitalization of $175.09 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The stock's fifty day moving average is $83.53 and its 200-day moving average is $74.47.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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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