Uber Technologies (NYSE:UBER) Trading Down 0% After Insider Selling

Uber Technologies, Inc. (NYSE:UBERGet Free Report) shares were down 0% during trading on Friday after an insider sold shares in the company. The stock traded as low as $68.11 and last traded at $68.87. Approximately 3,086,437 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 19,902,311 shares. The stock had previously closed at $68.90.

Specifically, insider Tony West sold 89,234 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 607,984 shares of company stock valued at $40,279,537. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. TD Cowen reduced their price target on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. BTIG Research lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Oppenheimer reissued an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday. DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, 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. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Get Our Latest Research Report on UBER

Uber Technologies Stock Up 0.6 %

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 market cap of $144.82 billion, a PE ratio of 111.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The company has a fifty day moving average price of $69.07 and a 200 day moving average price of $68.47.

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

Institutional Trading of Uber Technologies

A number of hedge funds have recently bought and sold shares of UBER. Avantax Advisory Services Inc. lifted its position in 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 buying an additional 1,845 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Uber Technologies by 26.4% in the 3rd 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 last quarter. Gabelli Funds LLC lifted its position in Uber Technologies by 11.6% in the 3rd 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 last quarter. Huntington National Bank lifted its position in Uber Technologies by 6.6% in the third quarter. Huntington National Bank now owns 4,752 shares of the ride-sharing company’s stock valued at $219,000 after purchasing an additional 294 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Uber Technologies during the third quarter valued at approximately $308,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Company Profile

(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.

Further Reading

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