Uber Technologies Target of Unusually Large Options Trading (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) was the target of unusually large options trading activity on Tuesday. Traders purchased 132,488 call options on the company. This is an increase of approximately 6% compared to the typical volume of 124,681 call options.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $5.82 during mid-day trading on Tuesday, reaching $93.90. The company’s stock had a trading volume of 37,139,597 shares, compared to its average volume of 20,697,195. The stock has a 50-day moving average of $95.66 and a two-hundred day moving average of $90.79. The stock has a market capitalization of $195.82 billion, a P/E ratio of 16.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter last year, the business posted $1.20 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 604,946 shares of company stock valued at $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently modified their holdings of the company. Hilltop National Bank purchased a new stake in shares of Uber Technologies in the second quarter valued at about $96,000. American Capital Advisory LLC grew its holdings in shares of Uber Technologies by 47.8% in the second quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock valued at $1,213,000 after purchasing an additional 4,204 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Uber Technologies by 50.2% in the second quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock valued at $51,133,000 after purchasing an additional 183,085 shares during the period. Geneos Wealth Management Inc. boosted its stake in Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after buying an additional 91,362 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock worth $70,822,000 after buying an additional 226,960 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. KeyCorp lifted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Wedbush decreased their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Piper Sandler lifted their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Barclays reaffirmed an “overweight” rating and set a $110.00 target price (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Guggenheim upgraded shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $106.62.

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.