Uber Technologies, Inc. (NYSE:UBER) Short Interest Update

Key Points

• Uber Technologies experienced a dramatic rise in short interest, with a total of 44,150,000 shares as of July 15th, marking a 217,387.7% increase from the previous month.
• Insiders, including Jill Hazelbaker and CFO Prashanth Mahendra-Rajah, have sold significant amounts of stock, indicating a decrease in insider ownership and signaling potential concerns about stock performance.
• Institutional investors now hold 80.24% of Uber's stock, reflecting increasing confidence from large financial entities in the company's potential growth.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 44,150,000 shares, anincreaseof217,387.7% from the June 30th total of 20,300 shares. Based on an average daily volume of 21,280,000 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 21,280,000 shares, the days-to-cover ratio is currently 2.1 days.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new position in Uber Technologies in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. boosted its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Uber Technologies in the 1st quarter worth approximately $27,000. Finally, Vision Financial Markets LLC acquired a new stake in Uber Technologies during the 1st quarter valued at approximately $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Uber Technologies stock traded down $1.01 during mid-day trading on Friday, reaching $86.75. The company had a trading volume of 9,870,911 shares, compared to its average volume of 22,194,727. The company has a market cap of $181.40 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.01 and a beta of 1.40. The business has a fifty day simple moving average of $89.14 and a 200 day simple moving average of $80.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UBER. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Barclays boosted their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Ten research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $100.71.

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.

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