Insider Selling: Uber Technologies, Inc. (NYSE:UBER) Insider Sells 27,780 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents 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 link.

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

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

Uber Technologies Stock Performance

UBER stock opened at $71.62 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $150.81 billion, a P/E ratio of 35.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. The business’s fifty day moving average is $75.38 and its 200-day moving average is $71.20.

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

Institutional Trading of Uber Technologies

Hedge funds have recently modified their holdings of the company. Redwood Investment Management LLC bought a new stake in Uber Technologies in the first quarter valued at approximately $259,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at $339,000. New Covenant Trust Company N.A. acquired a new stake in Uber Technologies during the 1st quarter worth $64,000. Citizens Financial Group Inc. RI lifted its holdings in Uber Technologies by 23.8% during the first quarter. Citizens Financial Group Inc. RI now owns 4,602 shares of the ride-sharing company’s stock worth $354,000 after acquiring an additional 885 shares in the last quarter. Finally, Wahed Invest LLC grew its stake in Uber Technologies by 16.6% in the first quarter. Wahed Invest LLC now owns 38,812 shares of the ride-sharing company’s stock valued at $2,988,000 after acquiring 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 research analysts recently commented on the company. Evercore ISI raised their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Raymond James began coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 target price on the stock. Bank of America increased their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp decreased their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.