Insider Selling: Uber Technologies, Inc. (NYSE:UBER) CFO Sells 2,750 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Uber Technologies Stock Performance

Shares of UBER stock traded up $0.70 during trading hours on Monday, reaching $76.54. The stock had a trading volume of 18,005,526 shares, compared to its average volume of 19,652,238. The firm has a 50-day simple moving average of $72.85 and a 200-day simple moving average of $71.63. The firm has a market capitalization of $159.90 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on UBER shares. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. JPMorgan Chase & Co. cut their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Evercore ISI dropped their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently made changes to their positions in UBER. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth about $27,000. Avion Wealth boosted its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies during the 4th quarter valued at $28,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.