Uber Technologies (NYSE:UBER) Insider Sells $287,812.50 in Stock

Uber Technologies, Inc. (NYSE:UBER) insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the sale, the insider owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. The trade was a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 20th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00.
• On Monday, September 22nd, Tony West sold 100,000 shares of Uber Technologies stock. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00.
• On Thursday, September 18th, Tony West sold 3,125 shares of Uber Technologies stock. The shares were sold at an average price of $93.94, for a total value of $293,562.50.
• On Tuesday, August 26th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $95.00, for a total value of $296,875.00.

Uber Technologies Stock Down 1.3%

UBER traded down $1.19 during midday trading on Tuesday, hitting $90.92. 17,434,485 shares of the company’s stock traded hands, compared to its average volume of 17,211,892. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $188.92 billion, a PE ratio of 11.69 and a beta of 1.46. The stock’s fifty day simple moving average is $95.37 and its 200-day simple moving average is $91.94. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group set a $122.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research report on Monday. TD Cowen increased their target price on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Wells Fargo & Company reduced their price objective on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Institutional Trading of Uber Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies during the 3rd quarter worth approximately $25,000. Kilter Group LLC bought a new stake in shares of Uber Technologies during the second quarter worth $26,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the first quarter worth $27,000. Westend Capital Management LLC acquired a new stake in shares of Uber Technologies during the third quarter worth $27,000. Finally, West Oak Capital LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.