Uber Technologies (NYSE:UBER) Shares Down 1.7% on Insider Selling

Key Points

• Shares fell 1.7% after insider selling: Tony West sold 3,125 shares at $92.10 and CFO Prashanth Mahendra‑Rajah sold 5,500 shares at $94.41, with trading volume around 18.0M shares (≈12% below average).
• Uber delivered a sizeable earnings beat — Q3 EPS $3.11 vs. $0.67 expected and revenue $13.47B (up 20.4% YoY); the stock trades at a P/E of 11.48 and a market cap near $185.5B.
• Analysts remain mostly positive, with a MarketBeat consensus of Moderate Buy and a consensus target price of $108.26, while some firms have targets up to $130.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares dropped 1.7% on Wednesday after an insider sold shares in the company. The company traded as low as $88.89 and last traded at $89.2780. Approximately 18,009,182 shares were traded during trading, a decline of 12% from the average daily volume of 20,535,734 shares. The stock had previously closed at $90.86.

Specifically, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the transaction, the insider owned 174,135 shares in the company, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company's stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. Weiss Ratings reissued a "buy (b)" rating on shares of Uber Technologies in a research report on Monday. Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Mizuho began coverage on Uber Technologies in a research note on Monday, September 29th. They issued an "outperform" rating and a $130.00 price target for the company. TD Cowen raised their price objective on Uber Technologies from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Uber Technologies in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $108.26.

Uber Technologies Stock Down 1.7%

The stock's 50-day moving average price is $95.37 and its 200-day moving average price is $91.94. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $185.50 billion, a price-to-earnings ratio of 11.48 and a beta of 1.46.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same quarter in the previous year, the business posted $1.20 EPS. Uber Technologies's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently added to or reduced their stakes in UBER. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies in the 1st quarter valued at $2,207,743,000. Norges Bank bought a new stake in Uber Technologies in the second quarter worth $2,348,319,000. Kingstone Capital Partners Texas LLC boosted its position in Uber Technologies by 334,075.7% during the second 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 period. Pacer Advisors Inc. grew its stake in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares during the period. Institutional investors own 80.24% of the company's stock.

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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