Uber Technologies, Inc. (NYSE:UBER) Insider Tony West Sells 28,000 Shares

Uber Technologies, Inc. (NYSE:UBERGet Free Report) insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tony West also recently made the following trade(s):

  • On Thursday, June 6th, Tony West sold 89,234 shares of Uber Technologies stock. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12.
  • On Monday, May 13th, Tony West sold 18,750 shares of Uber Technologies stock. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.78 during midday trading on Friday, reaching $70.08. 11,594,218 shares of the stock traded hands, compared to its average volume of 19,870,848. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average price of $68.47 and a two-hundred day moving average price of $68.90. The firm has a market cap of $146.43 billion, a price-to-earnings ratio of 113.03, a PEG ratio of 1.61 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBERGet Free Report) last posted its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Institutional Trading of Uber Technologies

A number of institutional investors have recently made changes to their positions in UBER. Fiera Capital Corp lifted its stake in shares of Uber Technologies by 0.6% in the 3rd quarter. Fiera Capital Corp now owns 87,376 shares of the ride-sharing company’s stock worth $4,018,000 after acquiring an additional 498 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Uber Technologies by 15.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 63,059 shares of the ride-sharing company’s stock worth $2,900,000 after acquiring an additional 8,202 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Uber Technologies by 7.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,713,286 shares of the ride-sharing company’s stock valued at $79,229,000 after purchasing an additional 114,617 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Uber Technologies by 13.4% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 188,521 shares of the ride-sharing company’s stock valued at $8,670,000 after purchasing an additional 22,304 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its stake in Uber Technologies by 9.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 12,329 shares of the ride-sharing company’s stock valued at $567,000 after purchasing an additional 1,024 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UBER shares. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Argus raised their price objective on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. BTIG Research lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.47.

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Uber Technologies Company Profile

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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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Insider Buying and Selling by Quarter for Uber Technologies (NYSE:UBER)

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