Uber Technologies Target of Unusually Large Options Trading (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) was the target of unusually large options trading on Monday. Stock investors purchased 236,314 call options on the company. This represents an increase of 51% compared to the typical daily volume of 156,673 call options.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. KGI Securities reiterated a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Barclays lifted their target price on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.69.

Uber Technologies Stock Performance

NYSE UBER traded up $5.29 during trading on Monday, reaching $88.10. The company’s stock had a trading volume of 39,049,896 shares, compared to its average volume of 20,224,496. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $88.29. The firm has a 50 day moving average price of $74.72 and a 200 day moving average price of $71.48. The firm has a market capitalization of $184.23 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the firm posted ($0.32) EPS. Uber Technologies’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,904 shares of company stock worth $6,027,619 in the last three months. 3.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in shares of Uber Technologies by 79.0% in the 4th 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 in the last quarter. Norges Bank bought a new stake in shares of Uber Technologies during the 4th quarter worth $1,467,754,000. Jennison Associates LLC grew its holdings in shares of Uber Technologies by 36.9% during 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 purchasing an additional 7,137,512 shares during the last quarter. Boston Partners bought a new position in Uber Technologies in the 4th quarter valued at approximately $381,057,000. Finally, Pacer Advisors Inc. lifted its stake in Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

About Uber Technologies

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.