Uber Technologies (NYSE:UBER) Insider Tony West Sells 100,000 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, September 18th, Tony West sold 3,125 shares of Uber Technologies stock. The shares were sold at an average price of $93.94, for a total value of $293,562.50.
• On Tuesday, August 26th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $95.00, for a total value of $296,875.00.

Uber Technologies Stock Down 0.1%

Uber Technologies stock opened at $97.70 on Thursday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The stock has a fifty day moving average of $92.99 and a 200 day moving average of $85.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $203.75 billion, a PE ratio of 16.64 and a beta of 1.43.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in shares of Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock worth $890,000 after buying an additional 3,073 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after acquiring an additional 91,362 shares during the last quarter. Kapstone Financial Advisors LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $415,000. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Finally, Davis Investment Partners LLC bought a new position in shares of Uber Technologies during the 2nd quarter valued at about $435,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Wedbush lowered their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Susquehanna upped their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Roth Capital raised their price objective on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Bank of America boosted their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $103.06.

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.