Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah Sells 2,750 Shares

Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Prashanth Mahendra-Rajah also recently made the following trade(s):

• On Thursday, March 20th, Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock. The shares were sold at an average price of $75.00, for a total value of $206,250.00.

Uber Technologies Stock Performance

UBER stock opened at $82.60 on Friday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market cap of $172.78 billion, a PE ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43. The business’s 50-day moving average price is $74.72 and its two-hundred day moving average price is $71.59.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned ($0.32) earnings per share. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altfest L J & Co. Inc. bought a new position in Uber Technologies during the first quarter worth about $751,000. Monetta Financial Services Inc. bought a new position in shares of Uber Technologies during the 1st quarter worth approximately $1,078,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after acquiring an additional 394,157 shares during the period. Coign Capital Advisors LLC increased its holdings in shares of Uber Technologies by 14.2% during the 1st quarter. Coign Capital Advisors LLC now owns 7,917 shares of the ride-sharing company’s stock worth $577,000 after acquiring an additional 984 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Uber Technologies during the 1st quarter valued at $15,650,000. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group upped their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday. DA Davidson increased their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Wedbush lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $80.00 to $85.00 in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.69.

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.