Tony West Sells 89,234 Shares of Uber Technologies, Inc. (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBERGet Free Report) insider Tony West sold 89,234 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Monday, May 13th, Tony West sold 18,750 shares of Uber Technologies stock. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50.

Uber Technologies Trading Up 0.6 %

Shares of Uber Technologies stock opened at $69.31 on Friday. Uber Technologies, Inc. has a 1 year low of $39.04 and a 1 year high of $82.14. The firm has a market cap of $144.82 billion, a PE ratio of 111.79, a PEG ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50 day simple moving average of $69.07 and a two-hundred day simple moving average of $68.47.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Analysts expect that Uber Technologies, Inc. will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently made changes to their positions in UBER. Avantax Advisory Services Inc. lifted its holdings in shares of Uber Technologies by 12.6% in the 3rd quarter. Avantax Advisory Services Inc. now owns 16,452 shares of the ride-sharing company’s stock worth $757,000 after acquiring an additional 1,845 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Uber Technologies by 26.4% in the third quarter. Gamco Investors INC. ET AL now owns 9,294 shares of the ride-sharing company’s stock worth $427,000 after buying an additional 1,940 shares during the period. Gabelli Funds LLC increased its stake in shares of Uber Technologies by 11.6% in the third quarter. Gabelli Funds LLC now owns 6,305 shares of the ride-sharing company’s stock worth $290,000 after buying an additional 655 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Uber Technologies by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,853,970 shares of the ride-sharing company’s stock worth $269,224,000 after buying an additional 84,744 shares during the period. Finally, ProVise Management Group LLC purchased a new position in shares of Uber Technologies in the third quarter worth $207,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UBER shares. UBS Group reduced their price target on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Piper Sandler increased their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. JMP Securities restated a “market outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, May 16th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Finally, Bank of America reduced their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

View Our Latest Stock Analysis on Uber Technologies

About Uber Technologies

(Get Free Report)

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.

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

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