6,460 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Zuckerman Investment Group LLC

Posted by MarketBeat News on Sep 2nd, 2023

Zuckerman Investment Group LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,460 shares of the ride-sharing company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. acquired a new position in Uber Technologies during the first quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC increased 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 valued at $27,000 after purchasing an additional 400 shares during the last quarter. Sandy Spring Bank lifted its position in Uber Technologies by 36.4% during the fourth quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 331 shares in the last quarter. MCF Advisors LLC acquired a new position in Uber Technologies during the first quarter worth $32,000. Finally, Colonial Trust Advisors grew its holdings in Uber Technologies by 23,500.0% in the 1st quarter. Colonial Trust Advisors now owns 1,180 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 644 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 128,916 shares in the company, valued at approximately $5,285,556. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Uber Technologies news, insider Tony West sold 8,334 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $41.75, for a total value of $347,944.50. Following the completion of the sale, the insider now owns 181,357 shares in the company, valued at $7,571,654.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 completion of the transaction, the insider now directly owns 128,916 shares in the company, valued at $5,285,556. The disclosure for this sale can be found here. Insiders have sold 325,642 shares of company stock worth $14,830,237 over the last three months. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.4 %

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Shares of UBER stock traded down $0.19 on Friday, reaching $47.04. 14,614,473 shares of the stock were exchanged, compared to its average volume of 23,414,480. The company has a market capitalization of $96.13 billion, a price-to-earnings ratio of -213.73 and a beta of 1.23. The business’s 50 day moving average price is $45.13 and its 200 day moving average price is $38.72. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.98. Uber Technologies, Inc. has a twelve month low of $22.94 and a twelve month high of $49.49.

Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.19. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.34 billion. Uber Technologies had a negative return on equity of 4.57% and a negative net margin of 1.07%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.33) EPS. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UBER shares. DA Davidson reissued a “buy” rating and set a $62.00 price target on shares of Uber Technologies in a research report on Monday, July 31st. Sanford C. Bernstein increased their price target on shares of Uber Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Morgan Stanley lifted their price target on shares of Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Royal Bank of Canada increased their price objective on Uber Technologies from $46.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Truist Financial reduced their target price on Uber Technologies from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 2nd. Thirty-one investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Buy” and an average price target of $56.00.

Check Out Our Latest Report on UBER

Uber Technologies Company Profile

(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.

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