Insider Selling: Uber Technologies (NYSE:UBER) Insider Sells 3,125 Shares of Stock

Key Points

• Uber Technologies insider Tony West sold 3,125 shares of stock for a total value of $296,875, reducing his stake by 1.80% to 170,269 shares.
• The company's stock price increased to $95.95 with a trading volume of over 12 million shares, and it has a market cap of $200.09 billion.
• Uber's latest earnings report showed $0.63 earnings per share, exceeding estimates, and revenue increased 18.2% year-over-year, reaching $12.65 billion for the quarter.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the sale, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.62 during mid-day trading on Thursday, hitting $95.95. The company had a trading volume of 12,019,276 shares, compared to its average volume of 18,287,306. The stock has a market cap of $200.09 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.09 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm's 50 day simple moving average is $92.01 and its two-hundred day simple moving average is $83.46.

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

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently made changes to their positions in UBER. Nova Wealth Management Inc. lifted its holdings in Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Navalign LLC raised its holdings in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after acquiring an additional 126 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after acquiring an additional 127 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its holdings in Uber Technologies by 4.4% during the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company's stock worth $285,000 after acquiring an additional 129 shares in the last quarter. Finally, Clearstead Trust LLC raised its holdings in Uber Technologies by 0.5% during the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company's stock worth $2,424,000 after acquiring an additional 130 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital reaffirmed a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. KeyCorp upped their target price on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Stifel Nicolaus upped their target price on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada upped their target price on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.