Uber Technologies (NYSE:UBER) Stock Price Down 3.6% Following Insider Selling

Key Points

• Uber Technologies' stock fell 3.6% following insider selling, with 5.6 million shares traded - a significant drop from the average trading volume.
• Senior Vice President Nikki Krishnamurthy sold 11,571 shares at an average price of $91.74, reducing her ownership by 2.70%.
• Analysts display mixed sentiments, with a range of target prices from $84.00 to $117.00, reflecting an overall consensus rating of "Moderate Buy".

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares fell 3.6% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $91.55 and last traded at $91.86. 5,620,397 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 22,022,695 shares. The stock had previously closed at $95.32.

Specifically, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research reports. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. UBS Group raised their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Raymond James Financial raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Finally, DA Davidson raised 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, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Trading Down 3.0%

The company's fifty day moving average price is $90.51 and its two-hundred day moving average price is $82.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market cap of $192.91 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

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

Institutional Trading of Uber Technologies

A number of hedge funds have recently modified their holdings of UBER. Nova Wealth Management Inc. raised its stake in Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Navalign LLC grew its holdings in shares of Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the last quarter. Atticus Wealth Management LLC grew its holdings in shares of Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 127 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of Uber Technologies by 4.4% during the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company's stock worth $285,000 after purchasing an additional 129 shares during the last quarter. Finally, Clearstead Trust LLC grew its holdings in shares of Uber Technologies by 0.5% during the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company's stock worth $2,424,000 after purchasing an additional 130 shares during the last quarter. 80.24% of the stock is currently 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.

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