Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi Sells 150,000 Shares

Key Points

• Uber CEO Dara Khosrowshahi sold 150,000 shares at an average price of $100.48, totaling over $15 million, reducing his ownership by 13.24%.
• The company's stock has seen a fifty-two week range from $59.33 to $101.99 and currently maintains a market capitalization of approximately $203.75 billion.
• Recent analyst reports have issued positive outlooks for Uber, with price targets increased by firms like Wells Fargo and BMO Capital Markets, supporting a consensus rating of "Moderate Buy."

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares of the company's stock, valued at $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dara Khosrowshahi also recently made the following trade(s):

• On Friday, September 12th, Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $0.10 during trading on Wednesday, hitting $97.70. 12,514,940 shares of the company were exchanged, compared to its average volume of 18,363,240. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a market capitalization of $203.75 billion, a price-to-earnings ratio of 16.64 and a beta of 1.43. The firm has a 50 day moving average price of $92.99 and a 200 day moving average price of $85.78.

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

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company's stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company's stock valued at $4,258,756,000 after buying an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies during the 2nd quarter valued at about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC grew its position in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after buying an additional 19,967,705 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UBER shares. BMO Capital Markets boosted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Cowen restated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Wells Fargo & Company lifted their target price on shares of Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Needham & Company LLC lifted their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $103.06.

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.

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