Key Points
- Tony West sold 3,125 Uber shares on Dec. 18 at an average price of $80.36 for $251,125, reducing his stake to 175,423 shares (a 1.75% decrease), per an SEC filing.
- That sale continues a pattern of dispositions — West also sold 3,125 shares on Nov. 18 ($92.10), 3,125 on Oct. 20 ($93.00) and 100,000 on Sept. 22 ($100.38) earlier this year.
- Uber recently posted a major earnings beat ($3.11 EPS vs. $0.67 expected) with revenue up 20.4% to $13.47B, and the stock carries a consensus analyst rating of “Moderate Buy” with an average target of $108.60 and ~80% institutional ownership.
Uber Technologies, Inc. (NYSE:UBER - Get Free Report) insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider owned 175,423 shares in the company, valued at $14,096,992.28. This represents a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
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 value 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 value 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 value of $10,038,000.00.
Uber Technologies Stock Performance
Shares of Uber Technologies stock opened at $79.81 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market cap of $165.83 billion, a PE ratio of 10.26 and a beta of 1.19. The business's fifty day simple moving average is $90.34 and its 200-day simple moving average is $91.59. Uber Technologies, Inc. has a 52 week low of $59.75 and a 52 week high of $101.99.
Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analysts' expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have issued reports on UBER shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Uber Technologies in a report on Monday. UBS Group set a $122.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Wednesday, November 5th. Wells Fargo & Company reduced their price objective on Uber Technologies from $125.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 5th. BMO Capital Markets lowered their target price on Uber Technologies from $113.00 to $106.00 and set an "outperform" rating for the company in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $110.00 price target on Uber Technologies in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $108.60.
View Our Latest Stock Report on Uber Technologies
Institutional Trading of Uber Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company's stock worth $18,695,502,000 after purchasing an additional 1,277,322 shares in the last quarter. Geode Capital Management LLC grew its stake in Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company's stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies during the 1st quarter valued at about $2,207,743,000. Norges Bank bought a new stake in Uber Technologies in the second quarter worth approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC lifted its stake in shares of Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Institutional investors own 80.24% of the company's stock.
Uber Technologies Company Profile
(
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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