Uber Technologies, Inc. (NYSE:UBER - Get Free Report) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 sale, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Uber Technologies Stock Up 0.9 %
Shares of NYSE:UBER opened at $76.54 on Tuesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company 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 business has a fifty day moving average price of $72.85 and a two-hundred day moving average price of $71.63. 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 (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.
Hedge Funds Weigh In On Uber Technologies
Institutional investors and hedge funds have recently bought and sold shares of the company. Nwam LLC boosted its position in Uber Technologies by 5.6% during the third quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company's stock worth $794,000 after purchasing an additional 562 shares during the period. Nicolet Advisory Services LLC grew its stake in Uber Technologies by 3.6% in the 3rd quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company's stock worth $413,000 after buying an additional 199 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Uber Technologies by 11.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company's stock worth $3,353,000 after buying an additional 4,584 shares during the last quarter. Cerity Partners LLC raised its position in shares of Uber Technologies by 36.0% during the 3rd quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company's stock valued at $32,334,000 after buying an additional 113,989 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Uber Technologies by 18.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company's stock worth $1,231,000 after acquiring an additional 2,546 shares during the last quarter. 80.24% of the stock is owned by institutional investors.
Analyst Ratings Changes
UBER has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. KGI Securities reaffirmed a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.
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About Uber Technologies
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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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