Uber Technologies (NYSE:UBER) Insider Sells $260,937.50 in Stock

Uber Technologies, Inc. (NYSE:UBERGet Free Report) insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, December 18th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $80.36, for a total value of $251,125.00.
  • 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.

Uber Technologies Stock Performance

Shares of UBER traded up $0.48 during mid-day trading on Wednesday, reaching $84.20. 21,090,612 shares of the company’s stock traded hands, compared to its average volume of 13,221,889. The business’s 50-day moving average price is $85.02 and its 200-day moving average price is $90.90. The stock has a market capitalization of $174.95 billion, a P/E ratio of 10.82 and a beta of 1.20. 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 12 month low of $60.63 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings results 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 company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies News Summary

Here are the key news stories impacting Uber Technologies this week:

Institutional Trading of Uber Technologies

Several institutional investors have recently made changes to their positions in the company. 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 worth $330,000 after purchasing an additional 107 shares during the last quarter. Sage Rhino Capital LLC lifted its position in Uber Technologies by 4.2% during the third quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company’s stock valued at $268,000 after purchasing an additional 110 shares during the last quarter. Quent Capital LLC raised 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 purchasing an additional 111 shares in the last quarter. Advisors Capital Management LLC raised its holdings in shares of Uber Technologies by 1.8% during the 3rd quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company’s stock valued at $627,000 after buying an additional 111 shares in the last quarter. Finally, Emergent Wealth Advisors LLC boosted its stake in shares of Uber Technologies by 0.7% in the 3rd quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company’s stock valued at $1,701,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on UBER shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. BMO Capital Markets lowered their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley reduced their target price on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Finally, KeyCorp decreased their target price on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $107.97.

Check Out Our Latest Analysis on Uber Technologies

About Uber Technologies

(Get Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Featured Articles

Insider Buying and Selling by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.