Tony West Sells 23,404 Shares of Uber Technologies, Inc. (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBER) insider Tony West sold 23,404 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Uber Technologies Trading Down 1.6 %

Shares of UBER opened at $71.54 on Wednesday. The stock has a market capitalization of $149.45 billion, a P/E ratio of 15.69, a PEG ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $72.09 and a two-hundred day simple moving average of $71.55. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently added to or reduced their stakes in UBER. Avion Wealth boosted its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the period. Transce3nd LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $28,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UBER shares. Evercore ISI dropped their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.31.

About Uber Technologies

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.