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

by · The Cerbat Gem

Uber Technologies, Inc. (NYSE:UBER – Get Free Report) insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the sale, the insider owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, November 18th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50.
  • On Monday, October 20th, Tony West sold 3,125 shares of Uber Technologies stock. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00.
  • On Monday, September 22nd, Tony West sold 100,000 shares of Uber Technologies stock. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $79.81 on Friday. Uber Technologies, Inc. has a 1-year low of $59.75 and a 1-year high of $101.99. The stock’s 50-day moving average is $90.34 and its two-hundred day moving average is $91.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $165.83 billion, a price-to-earnings ratio of 10.26 and a beta of 1.19.

Uber Technologies (NYSE:UBER – Get Free Report) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently made changes to their positions in the company. Brant Point Investment Management LLC purchased a new position in Uber Technologies during the 2nd quarter worth $933,000. Prudential PLC grew its holdings in shares of Uber Technologies by 15.7% during the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock valued at $20,233,000 after buying an additional 29,359 shares during the last quarter. Munro Partners acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $96,294,000. Panagora Asset Management Inc. raised its stake in Uber Technologies by 1.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 2,082,067 shares of the ride-sharing company’s stock worth $194,257,000 after acquiring an additional 35,418 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Uber Technologies by 13.9% during the second quarter. M&T Bank Corp now owns 426,163 shares of the ride-sharing company’s stock worth $39,761,000 after purchasing an additional 52,002 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Truist Financial increased their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. BMO Capital Markets lowered their price target on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

View Our Latest Stock Report on Uber Technologies

About Uber Technologies

(Get Free Report)

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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