Uber Technologies, Inc. (NYSE:UBER) Insider Sells $2,745,909.66 in Stock – MarketBeat
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Uber Technologies, Inc. (NYSE:UBER – Get Rating) insider Tony West sold 87,841 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.26, for a total value of $2,745,909.66. Following the completion of the transaction, the insider now directly owns 141,944 shares of the company’s stock, valued at approximately $4,437,169.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Uber Technologies Stock Performance
NYSE:UBER traded up $0.16 during trading hours on Friday, hitting $32.01. 39,943,207 shares of the company traded hands, compared to its average volume of 33,957,129. The stock has a market capitalization of $62.86 billion, a price-to-earnings ratio of -6.21 and a beta of 1.35. Uber Technologies, Inc. has a twelve month low of $19.90 and a twelve month high of $48.88. The firm has a 50-day moving average of $23.17 and a 200 day moving average of $29.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96.
Uber Technologies (NYSE:UBER – Get Rating) last released its earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 62.32%. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.37 billion. During the same quarter in the previous year, the company earned $0.58 earnings per share. Uber Technologies’s revenue for the quarter was up 105.6% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post -3.57 EPS for the current year.
Hedge Funds Weigh In On Uber Technologies
A number of hedge funds have recently made changes to their positions in UBER. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. MCF Advisors LLC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. Core Alternative Capital raised its stake in shares of Uber Technologies by 3,079.2% in the first quarter. Core Alternative Capital now owns 763 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 739 shares during the last quarter. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Finally, Northern Oak Wealth Management Inc. bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 72.58% of the company’s stock.
Wall Street Analysts Forecast Growth
UBER has been the subject of several research reports. Wedbush reaffirmed an “outperform” rating and set a $38.00 target price on shares of Uber Technologies in a research note on Wednesday, June 29th. Raymond James raised Uber Technologies from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Wednesday. Wolfe Research decreased their target price on Uber Technologies from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, June 24th. Cowen decreased their target price on Uber Technologies from $80.00 to $72.00 in a research note on Thursday, May 5th. Finally, The Goldman Sachs Group decreased their target price on Uber Technologies from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. One equities research analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.63.
Uber Technologies Company Profile
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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.
See Also
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