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

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 171,896 call options on the company. This represents an increase of 43% compared to the average daily volume of 120,604 call options.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies in the first quarter worth $2,207,743,000. Norges Bank purchased a new stake in Uber Technologies during the fourth quarter valued at about $1,467,754,000. Boston Partners bought a new position in shares of Uber Technologies during the fourth quarter valued at about $381,057,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after buying an additional 6,254,898 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER traded up $6.32 during trading hours on Tuesday, reaching $91.56. 18,884,307 shares of the company's stock traded hands, compared to its average volume of 20,879,843. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $191.46 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The firm's 50 day simple moving average is $83.77 and its 200-day simple moving average is $74.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business posted ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts expect that Uber Technologies will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UBER shares. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Barclays boosted their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup increased their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Finally, Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $94.39.

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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