Tony West Sells 3,125 Shares of Uber Technologies (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBER) insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. This represents a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tony West also recently made the following trade(s):

• On Tuesday, November 18th, Tony West sold 3,125 shares of Uber Technologies stock. The shares were sold at an average price of $92.10, for a total value of $287,812.50.
• On Monday, October 20th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $93.00, for a total value of $290,625.00.
• On Monday, September 22nd, Tony West sold 100,000 shares of Uber Technologies stock. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.67 during trading hours on Thursday, hitting $79.81. 18,654,518 shares of the company were exchanged, compared to its average volume of 21,777,588. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $90.34 and a 200-day moving average of $91.59. Uber Technologies, Inc. has a 1 year low of $59.75 and a 1 year high of $101.99. The stock has a market capitalization of $165.83 billion, a price-to-earnings ratio of 10.26 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently added to or reduced their stakes in the business. Foster Group Inc. increased its stake in shares of Uber Technologies by 3.3% during the 3rd quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock valued at $330,000 after acquiring an additional 107 shares during the last quarter. Sage Rhino Capital LLC increased its position in Uber Technologies by 4.2% during the 3rd quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company’s stock worth $268,000 after purchasing an additional 110 shares in the last quarter. Quent Capital LLC lifted its position in Uber Technologies by 3.3% during the third quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock valued at $343,000 after buying an additional 111 shares in the last quarter. Advisors Capital Management LLC grew its stake in Uber Technologies by 1.8% during the third quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company’s stock worth $627,000 after buying an additional 111 shares during the period. Finally, Emergent Wealth Advisors LLC increased its position in shares of Uber Technologies by 0.7% in the third quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company’s stock worth $1,701,000 after acquiring an additional 114 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UBER. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Truist Financial lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Guggenheim cut their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Susquehanna reiterated a “positive” rating and issued a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Uber Technologies Company Profile

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.