Vanguard Personalized Indexing Management LLC Has $22.76 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in Uber Technologies, Inc. by 26.0%, owning a total of 243,922 shares worth approximately $22.76 million as of the latest SEC filing.
• Insider Jill Hazelbaker recently sold 31,250 shares for over $3 million, reducing her position by 26.53%, while other insiders have also sold over 600,000 shares totaling nearly $58.7 million in the past 90 days.
• Uber's latest earnings report showed a net margin of 26.68% and revenue of $12.65 billion for the quarter, exceeding analyst expectations and contributing to an overall positive market outlook, with price targets raised by several research firms.

Vanguard Personalized Indexing Management LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,922 shares of the ride-sharing company's stock after buying an additional 50,324 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Uber Technologies were worth $22,760,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at $30,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter valued at $27,000. GPS Wealth Strategies Group LLC boosted its stake 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 valued at $29,000 after buying an additional 299 shares during the period. Finally, Truvestments Capital LLC boosted its stake in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 601,821 shares of company stock worth $58,659,491. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $93.52 on Friday. The company has a market capitalization of $195.03 billion, a PE ratio of 15.93 and a beta of 1.48. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. 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 company's fifty day moving average price is $94.86 and its 200 day moving average price is $87.91.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the firm posted $0.47 EPS. The business's quarterly revenue was up 18.2% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Susquehanna lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Uber Technologies in a research note on Saturday, September 27th. BMO Capital Markets lifted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Piper Sandler lifted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $104.03.

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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