Insider Selling: Uber Technologies, Inc. (NYSE:UBER) CFO Sells 2,750 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 20th, Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock. The shares were sold at an average price of $75.00, for a total value of $206,250.00.

Uber Technologies Stock Performance

NYSE:UBER traded up $0.30 during mid-day trading on Friday, hitting $82.60. 13,686,492 shares of the company's stock traded hands, compared to its average volume of 20,172,861. The firm has a market capitalization of $172.78 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The firm has a 50 day moving average of $74.58 and a two-hundred day moving average of $71.57. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the company posted ($0.32) earnings per share. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. KeyCorp lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday. DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group raised their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday. Barclays upped their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Citigroup raised their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.69.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Avion Wealth lifted its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the fourth quarter valued at about $27,000. Kozak & Associates Inc. raised its position in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in Uber Technologies during the first quarter valued at approximately $27,000. 80.24% of the stock is 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.