Jill Hazelbaker, Senior Vice President of Marketing and Public Affairs at Uber Technologies, Inc. (NYSE:), recently sold a substantial portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Hazelbaker sold 27,780 shares of Uber common stock on November 25, 2024. The shares were sold at an average price of $72.90, resulting in a total transaction value of approximately $2,025,164.
Following the sale, Hazelbaker retains direct ownership of 107,289 shares. Additionally, she holds an indirect interest in 9,002 shares through the Franks 2021 Irrevocable Trust, which benefits her immediate family members. The sale was executed in multiple transactions at prices ranging from $72.90 to $72.91 per share.
In other recent news, Uber Technologies Inc. has been the subject of several positive analyst assessments. BTIG reaffirmed its Buy rating on Uber, focusing on Uber’s US mobility segment and forecasting high-teen growth rates in total insurance costs. The firm also projected an increase in Uber’s US mobility EBITDA for 2025, ranging between $3.6 billion to $4.2 billion.
Tigress Financial Partners increased its price target for Uber to $103.00, citing strong ridership demand and continuous innovation as key drivers of growth. Uber’s Q3 2024 revenue showed a 20% year-over-year increase, reaching a record $11.2 billion, with Gross Bookings growing by 16% year-over-year to a record $41.0 billion.
Citi maintained its Buy rating on Uber, highlighting potential growth in Uber’s Mobility and Delivery Gross Bookings and the evolving autonomous vehicle strategy as key factors. Loop Capital increased Uber’s stock price target to $86.00, expressing confidence in Uber’s improving margin profile.
DA Davidson also maintained a Buy rating on Uber and increased the price target to $84, citing the company’s performance and growth metrics as the basis for the updated price target. Uber’s subscription service, Uber One, reached over 25 million members, marking a significant year-over-year increase.
These recent developments underscore the confidence of analysts in Uber’s strategic management and potential for growth in the coming years.
InvestingPro Insights
As Uber Technologies, Inc. (NYSE:UBER) continues to make headlines with insider transactions, it’s worth examining the company’s financial health and market position. According to InvestingPro data, Uber boasts a substantial market capitalization of $150.85 billion, reflecting its dominant position in the ground transportation industry.
The company’s revenue growth remains robust, with a 20.4% increase in the most recent quarter, indicating strong demand for its services. This growth is complemented by a significant improvement in profitability, as evidenced by the impressive 197.24% EBITDA growth over the last twelve months.
InvestingPro Tips highlight that Uber is expected to be profitable this year, which aligns with the company’s recent financial performance. The stock has also delivered a strong return over the last five years, rewarding long-term investors.
Despite the recent insider sale, Uber’s stock performance remains positive, with a 27.42% total return over the past year. This suggests that the market maintains confidence in the company’s prospects, even as executives like Hazelbaker adjust their holdings.
It’s worth noting that Uber operates with a moderate level of debt, which may provide financial flexibility as it continues to expand and innovate in the competitive ride-sharing and delivery markets.
For investors seeking a deeper understanding of Uber’s financial position, InvestingPro offers 12 additional tips, providing a comprehensive analysis of the company’s strengths and potential challenges. These insights can be valuable for those looking to make informed investment decisions in the dynamic tech transportation sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
