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 business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the sale, the insider owned 174,135 shares in the company, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, October 20th, Tony West sold 3,125 shares of Uber Technologies stock. The shares were sold at an average price of $93.00, for a total transaction 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 transaction of $10,038,000.00.
• On Thursday, September 18th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $93.94, for a total transaction of $293,562.50.
• On Tuesday, August 26th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00.

Uber Technologies Stock Down 1.7%

Uber Technologies stock opened at $89.28 on Thursday. The company has a market capitalization of $185.50 billion, a PE ratio of 11.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a 50 day moving average price of $95.27 and a 200 day moving average price of $91.92.

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

Institutional Trading of Uber Technologies

A number of institutional investors have recently bought and sold shares of the business. Pershing Square Capital Management L.P. purchased a new position in Uber Technologies during the first quarter worth about $2,207,743,000. Norges Bank purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $2,348,319,000. Kingstone Capital Partners Texas LLC raised its stake in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after buying an additional 6,254,898 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the subject of several research reports. Wedbush dropped their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. TD Cowen lifted their price objective on shares of Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. UBS Group set a $122.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Truist Financial raised their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Cowen restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.26.

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.