Dara Khosrowshahi Sells 300,000 Shares of Uber Technologies (NYSE:UBER) Stock

Key Points

• CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies at an average price of $95.37, totaling over $28.6 million, resulting in a 20.94% decrease in his holdings.
• Uber's stock is currently valued at approximately $204.31 billion, with a recent trading price of $97.97 and a PE ratio of 16.69.
• Analysts maintain a consensus "Moderate Buy" rating for Uber, with a projected earnings per share of 2.54 for the fiscal year.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares of the company's stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Uber Technologies Price Performance

NYSE UBER traded down $0.88 during trading hours on Tuesday, reaching $97.97. 17,240,409 shares of the company's stock were exchanged, compared to its average volume of 14,605,195. The firm has a fifty day moving average of $92.67 and a 200-day moving average of $84.96. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $99.70. The stock has a market cap of $204.31 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The firm's quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kilter Group LLC bought a new stake in shares of Uber Technologies during the 2nd quarter worth about $26,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies during the 2nd quarter worth $30,000. Total Investment Management Inc. acquired a new position in Uber Technologies in the 2nd quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new position in Uber Technologies in the first quarter valued at about $27,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Piper Sandler increased their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. BMO Capital Markets boosted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Loop Capital reaffirmed a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price 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.

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