Uber Technologies, Inc. $UBER Shares Bought by LJI Wealth Management LLC

Key Points

• LJI Wealth Management LLC increased its holdings in Uber Technologies by 86.4%, owning 21,522 shares worth approximately $2 million as of the end of the second quarter.
• Institutional investors control 80.24% of Uber's shares, with major contributions from firms like Vanguard Group and Kingstone Capital Partners.
• Analysts exhibit mixed sentiments, with a consensus average target price of $105.70, while ratings include three "Strong Buy" and twenty-eight "Buy" recommendations.

LJI Wealth Management LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 86.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,522 shares of the ride-sharing company's stock after purchasing an additional 9,975 shares during the period. LJI Wealth Management LLC's holdings in Uber Technologies were worth $2,008,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares during the last quarter. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies in the first quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its stake in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Uber Technologies by 3.9% in the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock worth $1,401,873,000 after acquiring an additional 720,122 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Uber Technologies by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after acquiring an additional 394,157 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UBER shares. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Piper Sandler lifted their price objective on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. UBS Group lifted their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wedbush reduced their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Guggenheim upgraded Uber Technologies to a "strong-buy" rating in a research report on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $105.70.

Uber Technologies Trading Up 2.6%

UBER opened at $94.57 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock has a market capitalization of $197.21 billion, a price-to-earnings ratio of 16.11 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day moving average price of $95.40 and a 200 day moving average price of $89.18.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 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 analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company's stock.

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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