Uber Technologies (NYSE:UBER) Insider Sells $290,625.00 in Stock

Key Points

• Uber Technologies insider Tony West sold 3,125 shares of stock for $290,625 on October 20th, reducing his position by 1.78%.
• Uber's trading volume on the same day was 11,172,197 shares, with a market price of $93.73, reflecting a 1.5% increase during trading.
• Recent analyst ratings remain positive, with BMO Capital Markets raising their price target from $101.00 to $113.00 and maintaining an "outperform" rating.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) insider Tony West sold 3,125 shares of the company's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $93.00, for a total transaction of $290,625.00. Following the completion of the sale, the insider directly owned 172,846 shares of the company's stock, valued at $16,074,678. This trade represents a 1.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 22nd, Tony West sold 100,000 shares of Uber Technologies stock. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00.
• On Thursday, September 18th, Tony West sold 3,125 shares of Uber Technologies stock. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50.
• 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 Trading Up 1.5%

UBER traded up $1.43 during trading on Monday, hitting $93.73. 11,172,197 shares of the stock traded hands, compared to its average volume of 14,965,406. The firm has a market capitalization of $195.46 billion, a P/E ratio of 15.97 and a beta of 1.48. 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 50-day moving average of $95.28 and a 200 day moving average of $88.93. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The business 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%. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Cowen reissued a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Roth Capital increased their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus raised their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Guggenheim raised shares of Uber Technologies to a "strong-buy" rating in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.68.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies during the 1st quarter valued at about $2,207,743,000. Norges Bank bought a new stake in Uber Technologies during the 2nd quarter valued at about $2,348,319,000. Kingstone Capital Partners Texas LLC increased its stake in 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 purchasing an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. increased its stake in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

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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