Uber Technologies, Inc. (NYSE:UBER) CFO Sells $206,250.00 in Stock

Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Uber Technologies Stock Performance

UBER stock traded up $0.70 on Monday, reaching $76.54. 18,005,526 shares of the company were exchanged, compared to its average volume of 19,652,238. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock’s fifty day moving average price is $72.85 and its 200 day moving average price is $71.63. The firm has a market capitalization of $159.90 billion, a PE ratio of 16.79, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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 fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. KGI Securities reiterated a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. 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 stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank bought a new stake in Uber Technologies in the 4th quarter valued at $1,467,754,000. Jennison Associates LLC raised its stake in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after buying an additional 7,137,512 shares in the last quarter. Boston Partners bought a new position in shares of Uber Technologies during the 4th quarter worth about $381,057,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after acquiring an additional 5,753,637 shares in the last quarter. Institutional investors and hedge funds 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.