Uber Technologies Inc (NYSE:UBER) Director Garrett Camp sold 170,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $32.32, for a total value of $5,494,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Garrett Camp also recently made the following trade(s):

  • On Thursday, January 9th, Garrett Camp sold 170,000 shares of Uber Technologies stock. The shares were sold at an average price of $33.77, for a total value of $5,740,900.00.
  • On Wednesday, December 11th, Garrett Camp sold 170,000 shares of Uber Technologies stock. The shares were sold at an average price of $28.33, for a total value of $4,816,100.00.
  • On Wednesday, November 27th, Garrett Camp sold 170,000 shares of Uber Technologies stock. The shares were sold at an average price of $29.40, for a total value of $4,998,000.00.

Shares of NYSE UBER opened at $33.97 on Friday. Uber Technologies Inc has a 1 year low of $25.58 and a 1 year high of $47.08. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.46. The stock’s 50-day simple moving average is $29.85 and its 200-day simple moving average is $34.06.

Uber Technologies (NYSE:UBER) last announced its earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.83) by $0.15. Uber Technologies had a negative return on equity of 209.48% and a negative net margin of 63.57%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.68 billion. The firm’s revenue was up 29.5% on a year-over-year basis. Research analysts forecast that Uber Technologies Inc will post -6.91 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC purchased a new stake in shares of Uber Technologies during the third quarter worth about $25,000. Nisa Investment Advisors LLC purchased a new stake in shares of Uber Technologies during the third quarter worth about $30,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Uber Technologies during the third quarter worth about $30,000. Simon Quick Advisors LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $31,000. Finally, Evoke Wealth LLC purchased a new stake in shares of Uber Technologies during the third quarter worth about $32,000. 45.01% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on UBER shares. Wedbush reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Tuesday, December 31st. HSBC raised Uber Technologies from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $49.00 to $44.00 in a research note on Monday, September 16th. Argus upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, November 14th. MKM Partners lifted their target price on Uber Technologies to $34.00 in a research report on Tuesday, November 5th. Finally, Cowen reiterated a “buy” rating and issued a $60.00 price objective on shares of Uber Technologies in a report on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Uber Technologies presently has an average rating of “Buy” and a consensus target price of $48.95.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

Further Reading: Equal Weight Rating

Insider Buying and Selling by Quarter for Uber Technologies (NYSE:UBER)

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