Uber Technologies, Inc. (NYSE:UBER) CEO Dara Khosrowshahi Sells 500,000 Shares

Uber Technologies, Inc. (NYSE:UBERGet Free Report) CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Uber Technologies Price Performance

Shares of UBER stock opened at $65.68 on Friday. The company’s 50-day simple moving average is $72.94 and its two-hundred day simple moving average is $66.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a one year low of $37.07 and a one year high of $82.14. The company has a market capitalization of $137.24 billion, a P/E ratio of 105.94, a P/E/G ratio of 1.39 and a beta of 1.39.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) earnings per share. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. Susquehanna increased their target price on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, February 8th. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. Barclays boosted their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, DA Davidson restated a “buy” rating and issued a $81.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Check Out Our Latest Stock Analysis on Uber Technologies

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of the business. Covenant Asset Management LLC raised its position in shares of Uber Technologies by 0.3% in the 1st quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company’s stock valued at $4,078,000 after purchasing an additional 157 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in shares of Uber Technologies by 2.9% during the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after buying an additional 157 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC increased its position in shares of Uber Technologies by 6.1% in the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after acquiring an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares during the period. Hedge funds and other 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.

Further Reading

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

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