Uber Technologies Inc (NYSE:UBER) Director Travis Cordell Kalanick Sells 482,871 Shares

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Uber Technologies Inc (NYSE:UBER) Director Travis Cordell Kalanick sold 482,871 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $29.10, for a total transaction of $14,051,546.10. Following the completion of the transaction, the director now directly owns 34,424,234 shares in the company, valued at approximately $1,001,745,209.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Travis Cordell Kalanick also recently made the following trade(s):

  • On Friday, November 29th, Travis Cordell Kalanick sold 786,454 shares of Uber Technologies stock. The stock was sold at an average price of $29.61, for a total transaction of $23,286,902.94.
  • On Monday, November 25th, Travis Cordell Kalanick sold 1,982,110 shares of Uber Technologies stock. The stock was sold at an average price of $29.21, for a total transaction of $57,897,433.10.
  • On Friday, November 22nd, Travis Cordell Kalanick sold 3,604,149 shares of Uber Technologies stock. The stock was sold at an average price of $29.75, for a total transaction of $107,223,432.75.
  • On Wednesday, November 20th, Travis Cordell Kalanick sold 10,623,684 shares of Uber Technologies stock. The stock was sold at an average price of $27.86, for a total transaction of $295,975,836.24.
  • On Monday, November 18th, Travis Cordell Kalanick sold 2,121,290 shares of Uber Technologies stock. The stock was sold at an average price of $26.77, for a total transaction of $56,786,933.30.
  • On Friday, November 15th, Travis Cordell Kalanick sold 3,670,440 shares of Uber Technologies stock. The stock was sold at an average price of $26.61, for a total transaction of $97,670,408.40.
  • On Wednesday, November 13th, Travis Cordell Kalanick sold 1,412,310 shares of Uber Technologies stock. The stock was sold at an average price of $26.57, for a total transaction of $37,525,076.70.
  • On Monday, November 11th, Travis Cordell Kalanick sold 251,713 shares of Uber Technologies stock. The stock was sold at an average price of $27.15, for a total transaction of $6,834,007.95.
  • On Friday, November 8th, Travis Cordell Kalanick sold 20,264,846 shares of Uber Technologies stock. The stock was sold at an average price of $27.01, for a total transaction of $547,353,490.46.

Shares of NYSE UBER traded down $0.62 during mid-day trading on Monday, reaching $28.98. 17,407,698 shares of the company traded hands, compared to its average volume of 16,193,822. Uber Technologies Inc has a fifty-two week low of $25.58 and a fifty-two week high of $47.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.82 and a quick ratio of 2.82. The stock has a fifty day simple moving average of $29.92 and a 200-day simple moving average of $36.40.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Monday, November 4th. The ride-sharing company reported ($0.68) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.83) by $0.15. Uber Technologies had a negative net margin of 63.57% and a negative return on equity of 209.48%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.68 billion. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. As a group, equities research analysts forecast that Uber Technologies Inc will post -6.84 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. Wedbush cut their target price on shares of Uber Technologies from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. SunTrust Banks reissued a “buy” rating and issued a $56.00 target price on shares of Uber Technologies in a report on Friday, November 22nd. Argus raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Thursday, November 14th. Stifel Nicolaus raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, November 22nd. Finally, Evercore ISI set a $60.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, September 18th. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $49.64.

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. AE Wealth Management LLC acquired a new position in Uber Technologies in the second quarter worth approximately $564,000. Westpac Banking Corp acquired a new position in Uber Technologies during the 2nd quarter worth $690,000. Creative Planning acquired a new position in Uber Technologies during the 2nd quarter worth $482,000. Pictet Asset Management Ltd. acquired a new position in Uber Technologies during the 2nd quarter worth $2,712,000. Finally, Quad Cities Investment Group LLC lifted its position in Uber Technologies by 47.8% during the 3rd quarter. Quad Cities Investment Group LLC now owns 3,400 shares of the ride-sharing company’s stock worth $102,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 45.02% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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

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