Insider Selling: Uber Technologies (NYSE:UBER) Insider Sells 3,125 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the sale, the insider directly owned 174,135 shares in the company, valued at approximately $16,037,833.50. This represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 stock was 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 shares were sold at an average price of $95.00, for a total transaction of $296,875.00.

Uber Technologies Stock Down 1.3%

UBER stock traded down $1.19 during midday trading on Tuesday, hitting $90.92. The company’s stock had a trading volume of 17,434,485 shares, compared to its average volume of 17,211,892. The company’s fifty day moving average price is $95.37 and its 200 day moving average price is $91.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The stock has a market capitalization of $188.92 billion, a P/E ratio of 11.69 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Uber Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock worth $18,695,502,000 after acquiring an additional 1,277,322 shares during the period. Geode Capital Management LLC raised its position in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after buying an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Norges Bank acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its stake in Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Guggenheim dropped their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Barclays reduced their price objective on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a research report on Wednesday, October 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight 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 $108.26.

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.