Uber Technologies, Inc. (NYSE:UBER) CFO Sells $261,250.00 in Stock

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Prashanth Mahendra-Rajah also recently made the following trade(s):

• On Monday, May 5th, Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock. The stock was sold at an average price of $85.00, for a total value of $233,750.00.

Uber Technologies Stock Performance

UBER traded down $1.04 during midday trading on Friday, reaching $95.36. The company's stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,228,691. The stock has a market cap of $199.41 billion, a P/E ratio of 16.70, a PEG ratio of 1.23 and a beta of 1.40. The company has a fifty day simple moving average of $88.25 and a 200 day simple moving average of $77.30. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.32) EPS. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. KeyCorp upped their price target on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Wells Fargo & Company upped their price target on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday. Finally, The Goldman Sachs Group upped their price target on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $96.12.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Transce3nd LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. increased its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors.

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.