Tony West Sells 3,125 Shares of Uber Technologies (NYSE:UBER) Stock

Key Points

• Uber Technologies insider Tony West sold 3,125 shares at an average price of $93.94, resulting in a total transaction of $293,562.50, and decreased his position by 1.79%.
• Uber's shares traded at $94.59 with a market capitalization of $197.26 billion, and the company reported a net margin of 26.68% and 18.2% revenue growth year-over-year.
• Analysts have optimistic outlooks for Uber, with multiple firms raising their price targets, including Barclays at $110.00 and Wells Fargo at $127.00, while maintaining a consensus rating of "Moderate Buy".

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 Thursday, September 18th. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50. Following the completion of the sale, the insider owned 171,558 shares in the company, valued at $16,116,158.52. The trade was a 1.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 26th, Tony West sold 3,125 shares of Uber Technologies stock. The shares were sold at an average price of $95.00, for a total transaction of $296,875.00.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $3.98 during trading hours on Friday, hitting $98.68. The stock had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. The stock's fifty day simple moving average is $92.63 and its 200 day simple moving average is $85.38. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $99.70. The firm has a market capitalization of $205.79 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.13 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating 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 company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the business earned $0.47 earnings per share. Uber Technologies's revenue was up 18.2% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UBER. UBS Group raised their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Roth Capital raised their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada raised their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, KeyCorp raised their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Institutional Trading of Uber Technologies

Several institutional investors have recently made changes to their positions in the business. Silicon Valley Capital Partners boosted its position in shares of Uber Technologies by 2.5% during the 2nd quarter. Silicon Valley Capital Partners now owns 16,999 shares of the ride-sharing company's stock valued at $1,586,000 after acquiring an additional 407 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its position in Uber Technologies by 2.8% in the second quarter. Reynders McVeigh Capital Management LLC now owns 222,302 shares of the ride-sharing company's stock valued at $20,741,000 after buying an additional 6,130 shares in the last quarter. American Trust acquired a new position in Uber Technologies in the second quarter valued at about $231,000. Total Investment Management Inc. acquired a new position in Uber Technologies in the second quarter valued at about $32,000. Finally, Orion Porfolio Solutions LLC boosted its position in Uber Technologies by 21.0% in the second quarter. Orion Porfolio Solutions LLC now owns 74,222 shares of the ride-sharing company's stock valued at $6,925,000 after buying an additional 12,887 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Company Profile

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.