Uber Technologies, Inc. (NYSE:UBER) CFO Sells $233,750.00 in Stock

Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at $1,790,355. This trade represents a 11.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Prashanth Mahendra-Rajah also recently made the following trade(s):

• On Thursday, March 20th, Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00.

Uber Technologies Trading Up 0.4 %

NYSE UBER opened at $82.60 on Friday. The stock has a market capitalization of $172.78 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.89 and a beta of 1.43. The business’s fifty day moving average is $74.72 and its 200-day moving average is $71.59. 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 one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. Uber Technologies’s revenue was up 13.8% on a year-over-year basis. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Institutional Trading of Uber Technologies

A number of institutional investors have recently modified their holdings of the business. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at about $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on UBER. Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Evercore ISI decreased their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. TD Cowen cut their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.69.

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.