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 stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50. Following the transaction, the insider owned 171,558 shares of the company's stock, valued at approximately $16,116,158.52. The trade was a 1.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

NYSE:UBER traded up $3.98 on Friday, reaching $98.68. 38,703,086 shares of the company's stock were exchanged, compared to its average volume of 16,364,744. 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 has a market cap of $205.79 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.09 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70. The stock has a fifty day simple moving average of $92.63 and a 200-day simple moving average of $85.32.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBER. Wedbush lowered their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Barclays reissued an "overweight" rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Raymond James Financial increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Finally, UBS Group increased their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the 1st quarter worth about $2,207,743,000. Norges Bank purchased a new position in shares of Uber Technologies in the 2nd quarter worth about $2,348,319,000. Kingstone Capital Partners Texas LLC raised its position in shares of Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

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.