Uber Technologies, Inc. $UBER Shares Acquired by RB Capital Management LLC

Key Points

• RB Capital Management LLC has increased its stake in Uber Technologies by 54.7%, owning 18,217 shares valued at approximately $1.7 million.
• Insiders, including Jill Hazelbaker and CFO Prashanth Mahendra-Rajah, sold a combined total of 48,696 shares worth about $4.6 million in the last quarter.
• Several analysts raised their price targets for Uber, with Susquehanna setting a new objective at $105 and UBS Group increasing theirs to $117.

RB Capital Management LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 54.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,217 shares of the ride-sharing company's stock after buying an additional 6,440 shares during the quarter. RB Capital Management LLC's holdings in Uber Technologies were worth $1,700,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of UBER. 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 stake in Uber Technologies by 155.9% during the 1st 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 in the last quarter. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the 1st quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC grew its stake in 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 valued at $29,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,696 shares of company stock worth $4,632,774. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Susquehanna raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Loop Capital restated a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. UBS Group raised their price objective on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $103.06.

Uber Technologies Trading Up 1.3%

NYSE:UBER opened at $95.90 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a market cap of $199.99 billion, a PE ratio of 16.34, a P/E/G ratio of 1.09 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The business's 50 day moving average is $92.62 and its two-hundred day moving average is $84.64.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (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 previous year, the firm posted $0.47 EPS. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts predict 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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