Stock Traders Purchase High Volume of Uber Technologies Call Options (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) saw unusually large options trading activity on Thursday. Stock traders acquired 160,217 call options on the company. This is an increase of 38% compared to the average daily volume of 116,434 call options.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

A number of large investors have recently bought and sold shares of the business. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies during the third quarter worth $2,087,000. Teachers Retirement System of The State of Kentucky raised its position in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the 3rd quarter worth $2,302,000. Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at about $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after acquiring an additional 512,591 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on UBER. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Oppenheimer boosted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Truist Financial reduced their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.47.

Uber Technologies Stock Up 4.5 %

Shares of NYSE:UBER traded up $2.69 on Thursday, hitting $63.01. 21,290,057 shares of the company’s stock were exchanged, compared to its average volume of 19,204,439. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market capitalization of $132.68 billion, a PE ratio of 31.35, a P/E/G ratio of 0.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50-day moving average is $68.54 and its 200 day moving average is $70.78.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the firm posted $0.10 EPS. The company’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts predict that Uber Technologies will post 1.89 EPS for the current year.

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.