Uber Technologies Target of Unusually High Options Trading (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) was the target of unusually large options trading on Monday. Investors bought 236,314 call options on the company. This is an increase of 51% compared to the typical volume of 156,673 call options.

Uber Technologies Stock Performance

Shares of UBER traded up $5.29 during mid-day trading on Monday, hitting $88.10. The stock had a trading volume of 39,049,896 shares, compared to its average volume of 20,224,496. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $184.23 billion, a PE ratio of 19.32, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $88.29. The company's fifty day simple moving average is $74.72 and its two-hundred day simple moving average is $71.48.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm posted ($0.32) EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts expect that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,904 shares of company stock valued at $6,027,619. 3.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Large investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Uber Technologies in the fourth quarter worth $638,000. Czech National Bank boosted its holdings in shares of Uber Technologies by 6.7% in the fourth quarter. Czech National Bank now owns 456,560 shares of the ride-sharing company's stock valued at $27,540,000 after acquiring an additional 28,577 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in Uber Technologies by 5.9% during the 4th quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company's stock valued at $547,000 after purchasing an additional 502 shares in the last quarter. Brookstone Capital Management increased its position in shares of Uber Technologies by 15.7% during the 4th quarter. Brookstone Capital Management now owns 200,342 shares of the ride-sharing company's stock valued at $12,085,000 after purchasing an additional 27,163 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth $33,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Barclays increased their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday. KeyCorp lifted their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday. KGI Securities reiterated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group increased their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.69.

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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