Insider Selling: Uber Technologies (NYSE:UBER) CEO Sells 300,000 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Uber Technologies Stock Down 0.9%

UBER stock opened at $97.97 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $99.70. The business’s 50 day moving average price is $92.67 and its two-hundred day moving average price is $84.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $204.31 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. UMB Bank n.a. raised its holdings in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock worth $890,000 after purchasing an additional 3,073 shares during the period. Geneos Wealth Management Inc. raised its holdings in Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after purchasing an additional 91,362 shares during the period. Revolve Wealth Partners LLC raised its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Davis Investment Partners LLC bought a new position in Uber Technologies in the 2nd quarter worth $435,000. Finally, GK Wealth Management LLC bought a new position in Uber Technologies in the 1st quarter worth $234,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Piper Sandler upped their target price on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Stifel Nicolaus boosted their price target on Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets boosted their price target on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $103.06.

About Uber Technologies

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.