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

Key Points

• Uber Technologies insider Tony West sold 100,000 shares of stock on September 22nd for a total of $10,038,000, decreasing his ownership by 36.82%.
• The company's stock is currently down 0.1%, trading at $97.70, with an average price target among analysts set at $103.06.
• In recent quarterly earnings, Uber reported a net revenue of $12.65 billion and an earnings per share (EPS) of $0.63, surpassing analysts’ expectations.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) insider Tony West sold 100,000 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider owned 171,558 shares of the company's stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, September 18th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was 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%

Shares of NYSE UBER traded down $0.10 during mid-day trading on Wednesday, reaching $97.70. 12,514,940 shares of the company were exchanged, compared to its average volume of 18,363,240. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $203.75 billion, a price-to-earnings ratio of 16.64 and a beta of 1.43. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm has a 50-day moving average of $92.99 and a 200 day moving average of $85.78.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 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 company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the business posted $0.47 earnings per share. The firm's revenue was up 18.2% compared to the same quarter last year. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on UBER shares. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Susquehanna increased their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Royal Bank Of Canada increased their price target on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wedbush decreased their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.06.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UBER. Momentum Wealth Planning LLC acquired a new stake in Uber Technologies during the second quarter worth about $544,000. Silicon Valley Capital Partners grew its holdings in Uber Technologies by 2.5% during the second quarter. Silicon Valley Capital Partners now owns 16,999 shares of the ride-sharing company's stock worth $1,586,000 after acquiring an additional 407 shares during the period. Reynders McVeigh Capital Management LLC grew its holdings in Uber Technologies by 2.8% during the second quarter. Reynders McVeigh Capital Management LLC now owns 222,302 shares of the ride-sharing company's stock worth $20,741,000 after acquiring an additional 6,130 shares during the period. American Trust acquired a new stake in Uber Technologies during the second quarter worth about $231,000. Finally, Total Investment Management Inc. acquired a new stake in Uber Technologies during the second quarter worth about $32,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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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