Prashanth Mahendra-Rajah Sells 5,500 Shares of Uber Technologies (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, October 14th, Prashanth Mahendra-Rajah purchased 5 shares of Uber Technologies stock. The stock was purchased at an average price of $93.00 per share, with a total value of $465.00.
• On Tuesday, September 16th, Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00.

Uber Technologies Stock Down 0.2%

Shares of UBER stock opened at $91.56 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company’s fifty day moving average price is $95.50 and its 200-day moving average price is $91.66. The company has a market capitalization of $190.24 billion, a price-to-earnings ratio of 11.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping 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 company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UBER. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research report on Tuesday. Barclays cut their price objective on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Wedbush dropped their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.26.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently bought and sold shares of the business. Kilter Group LLC bought a new stake in Uber Technologies during the second quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Westend Capital Management LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $28,000. Finally, Truvestments Capital LLC raised its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the period. Institutional investors own 80.24% of the company’s stock.

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.