Uber Technologies, Inc. (NYSE:UBER) Insider Sells $2,025,162.00 in Stock

Uber Technologies, Inc. (NYSE:UBER) insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jill Hazelbaker also recently made the following trade(s):

• On Monday, September 16th, Jill Hazelbaker sold 40,000 shares of Uber Technologies stock. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00.

Uber Technologies Trading Up 0.1 %

Shares of NYSE:UBER opened at $71.64 on Thursday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. 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 company has a market capitalization of $150.85 billion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. The company has a 50-day simple moving average of $75.45 and a 200 day simple moving average of $71.20.

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

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Redwood Investment Management LLC acquired a new position in Uber Technologies in the 1st quarter valued at about $259,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of Uber Technologies in the first quarter valued at approximately $339,000. New Covenant Trust Company N.A. bought a new position in shares of Uber Technologies during the first quarter worth approximately $64,000. Citizens Financial Group Inc. RI lifted its holdings in Uber Technologies by 23.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 4,602 shares of the ride-sharing company’s stock worth $354,000 after purchasing an additional 885 shares during the last quarter. Finally, Wahed Invest LLC boosted its stake in Uber Technologies by 16.6% in the 1st quarter. Wahed Invest LLC now owns 38,812 shares of the ride-sharing company’s stock valued at $2,988,000 after purchasing an additional 5,535 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UBER shares. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Tigress Financial raised their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Finally, Royal Bank of Canada upped their price target on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.51.

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.