Tony West Sells 3,125 Shares of Uber Technologies (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBER) insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $93.00, for a total transaction of $290,625.00. Following the completion of the transaction, the insider directly owned 172,846 shares in the company, valued at $16,074,678. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tony West also recently made the following trade(s):

• On Monday, September 22nd, Tony West sold 100,000 shares of Uber Technologies stock. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00.
• On Thursday, September 18th, Tony West sold 3,125 shares of Uber Technologies stock. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50.
• On Tuesday, August 26th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00.

Uber Technologies Stock Performance

NYSE UBER opened at $93.07 on Wednesday. The firm’s fifty day moving average price is $95.31 and its two-hundred day moving average price is $88.96. The stock has a market cap of $194.09 billion, a PE ratio of 15.86 and a beta of 1.48. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Foster Group Inc. lifted its holdings in Uber Technologies by 3.3% in the third quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock valued at $330,000 after buying an additional 107 shares during the period. Dumont & Blake Investment Advisors LLC lifted its holdings in Uber Technologies by 1.3% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company’s stock valued at $879,000 after buying an additional 115 shares during the period. True Wealth Design LLC increased its stake in Uber Technologies by 38.6% in the third quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 118 shares in the last quarter. Warren Street Wealth Advisors LLC increased its stake in Uber Technologies by 5.0% in the third quarter. Warren Street Wealth Advisors LLC now owns 2,554 shares of the ride-sharing company’s stock valued at $250,000 after purchasing an additional 122 shares in the last quarter. Finally, Nova Wealth Management Inc. increased its stake in Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, KeyCorp lifted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $105.70.

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.