Uber Technologies (NYSE:UBER) SVP Nikki Krishnamurthy Sells 11,571 Shares

Key Points

• Nikki Krishnamurthy, Senior Vice President at Uber Technologies, sold 11,571 shares of the company's stock for approximately $1.06 million, resulting in a 2.70% decrease in her ownership.
• Uber's stock rose 1.5% to $95.36, with a trading volume exceeding its average, showcasing a positive market trend.
• Analysts maintain a positive outlook on Uber, with multiple firms increasing their price targets, now averaging $102.82, and a majority rating the stock as either "Buy" or "Overweight."

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Uber Technologies Stock Up 1.5%

Shares of UBER traded up $1.3760 during trading hours on Tuesday, hitting $95.3560. The stock had a trading volume of 21,158,346 shares, compared to its average volume of 19,119,218. 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 simple moving average of $90.51 and a 200-day simple moving average of $82.36. The firm has a market capitalization of $198.86 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate 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 return on equity of 59.96% and a net margin of 26.68%.The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UBER shares. DA Davidson lifted their price target on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. KeyCorp lifted their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Loop Capital reiterated a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Sanford C. Bernstein boosted their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Bank of America boosted their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $102.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Kilter Group LLC purchased a new stake in Uber Technologies during the second quarter valued at about $26,000. West Oak Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the second quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the first quarter valued at about $27,000. Finally, Kozak & Associates Inc. raised its stake in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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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