Insider Selling: Uber Technologies, Inc. (NYSE:UBER) SVP Sells 20,000 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Uber Technologies Stock Up 1.9 %

UBER opened at $72.89 on Thursday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $152.27 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm’s fifty day moving average is $72.25 and its 200 day moving average is $71.56.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in Uber Technologies during the third quarter valued at $683,000. Atlanta Consulting Group Advisors LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at about $253,000. Tower Bridge Advisors purchased a new position in shares of Uber Technologies during the third quarter valued at about $338,000. Aljian Capital Management LLC bought a new stake in shares of Uber Technologies in the third quarter worth about $1,214,000. Finally, GLOBALT Investments LLC GA lifted its position in shares of Uber Technologies by 0.5% in the third quarter. GLOBALT Investments LLC GA now owns 54,553 shares of the ride-sharing company’s stock worth $4,100,000 after buying an additional 289 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UBER. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. DA Davidson reduced their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.