Insider Selling: Uber Technologies (NYSE:UBER) Insider Sells 31,250 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Uber Technologies Trading Up 1.6%

Shares of Uber Technologies stock opened at $96.71 on Wednesday. The company’s fifty day simple moving average is $91.52 and its 200-day simple moving average is $83.26. The company has a market cap of $201.69 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.09 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kilter Group LLC bought a new position in shares of Uber Technologies during the second quarter valued at $26,000. West Oak Capital LLC bought a new position in shares of Uber Technologies in the second quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies in the second quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at about $27,000. Finally, Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Sanford C. Bernstein raised their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Stifel Nicolaus lifted their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC lifted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.82.

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.