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Jill Hazelbaker, Chief Marketing Officer and Senior Vice President of Public Affairs at Uber Technologies, Inc. (NYSE:UBER), sold 31,000 shares of the company’s common stock on February 18, 2025. The shares were sold at a weighted average price of $81.016, amounting to a total of approximately $2.5 million. The transaction comes as Uber’s stock trades near its 52-week high of $87, with a remarkable year-to-date return of 35.1%. According to InvestingPro analysis, the stock is currently trading close to its Fair Value, with technical indicators suggesting overbought conditions.
In addition to the sale, Hazelbaker executed several other transactions on February 16, 2025. These included the acquisition of common stock through the exercise of restricted stock units and the withholding of shares to satisfy tax liabilities. The shares withheld for tax purposes were valued at $79.42 per share, totaling $359,931.
Following these transactions, Hazelbaker holds 86,973 shares directly, with an additional 10,454 shares held indirectly under a trust.
In other recent news, Uber Technologies Inc . has seen several significant developments. Piper Sandler raised its price target for Uber to $87, reflecting increased profit forecasts based on discussions with the company’s management and insights into autonomous vehicle (AV) advancements. Oppenheimer followed suit, increasing its price target to $100, citing optimism in Uber’s core business fundamentals and downplaying potential challenges from RoboTaxi services. Meanwhile, Loop Capital also lifted its price target to $89, maintaining a Buy rating and expressing confidence in Uber’s strategic positioning amid the evolving AV landscape.
Additionally, billionaire investor Bill Ackman disclosed that his hedge fund, Pershing Square Capital Management, has acquired a $2 billion stake in Uber, equivalent to 1.4% of the company. Ackman’s investment is viewed positively, particularly as he praised Uber’s transformation under CEO Dara Khosrowshahi. In corporate governance news, Uber announced that board member Wan Ling Martello will not seek re-election at the 2025 Annual Meeting of Shareholders. Martello, who has served on the board since 2017, is leaving without any disagreements with the company’s operations.
These recent developments highlight Uber’s ongoing strategic maneuvers and investor interest, as the company navigates a competitive landscape with a focus on growth and innovation.
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