Integrated Wealth Concepts LLC Acquires 9,131 Shares of Uber Technologies, Inc. (NYSE:UBER)

Posted by Defense World Staff on Aug 2nd, 2023

Integrated Wealth Concepts LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 57.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,128 shares of the ride-sharing company’s stock after purchasing an additional 9,131 shares during the period. Integrated Wealth Concepts LLC’s holdings in Uber Technologies were worth $797,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of UBER. Pinnacle Bancorp Inc. bought a new position in Uber Technologies during the first quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Uber Technologies by 89.3% in the first quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Sonnipe Ltd bought a new position in shares of Uber Technologies in the fourth quarter worth about $30,000. Sandy Spring Bank grew its holdings in shares of Uber Technologies by 36.4% in the fourth quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 331 shares during the last quarter. Finally, MCF Advisors LLC bought a new position in shares of Uber Technologies in the first quarter worth about $32,000. Institutional investors own 73.90% of the company’s stock.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 100,000 shares of Uber Technologies stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $47.51, for a total value of $4,751,000.00. Following the sale, the chief executive officer now owns 1,316,243 shares of the company’s stock, valued at approximately $62,534,704.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 644 shares of Uber Technologies stock in a transaction on Friday, June 9th. The shares were sold at an average price of $41.00, for a total transaction of $26,404.00. Following the sale, the insider now owns 128,916 shares of the company’s stock, valued at approximately $5,285,556. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 100,000 shares of Uber Technologies stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $47.51, for a total transaction of $4,751,000.00. Following the sale, the chief executive officer now directly owns 1,316,243 shares in the company, valued at approximately $62,534,704.93. The disclosure for this sale can be found here. Insiders sold a total of 238,143 shares of company stock valued at $10,798,399 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

NYSE:UBER opened at $46.65 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $94.41 billion, a price-to-earnings ratio of -26.97, a price-to-earnings-growth ratio of 11.55 and a beta of 1.23. The company has a 50 day moving average price of $43.10 and a 200-day moving average price of $36.67. Uber Technologies, Inc. has a 1-year low of $22.94 and a 1-year high of $49.49.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Tuesday, May 2nd. The ride-sharing company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $8.82 billion during the quarter, compared to analyst estimates of $8.71 billion. Uber Technologies had a negative net margin of 9.95% and a negative return on equity of 43.94%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of Uber Technologies from $45.00 to $57.00 in a report on Friday, June 23rd. Truist Financial upped their price target on shares of Uber Technologies from $60.00 to $63.00 in a report on Monday, June 12th. Bank of America increased their target price on shares of Uber Technologies from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Jefferies Financial Group increased their target price on shares of Uber Technologies from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, TheStreet upgraded shares of Uber Technologies from a “d” rating to a “c-” rating in a report on Tuesday, May 2nd. Twenty-nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Buy” and an average target price of $52.21.

About Uber Technologies

(Free Report)

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.