Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah Sells 2,750 Shares

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, 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 hyperlink.

Uber Technologies Stock Performance

UBER stock traded down $1.77 during mid-day trading on Friday, hitting $73.09. 4,317,740 shares of the company were exchanged, compared to its average volume of 24,027,723. The business has a 50 day simple moving average of $73.33 and a 200-day simple moving average of $71.71. The stock has a market capitalization of $152.68 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mascagni Wealth Management Inc. bought a new position in Uber Technologies during the 4th quarter worth approximately $44,000. Chancellor Financial Group WB LP acquired a new stake in shares of Uber Technologies during the fourth quarter worth $223,000. Lansforsakringar Fondforvaltning AB publ bought a new position in Uber Technologies during the fourth quarter worth $37,476,000. Centaurus Financial Inc. boosted its position in Uber Technologies by 438.7% during the fourth quarter. Centaurus Financial Inc. now owns 94,127 shares of the ride-sharing company's stock valued at $5,678,000 after acquiring an additional 76,653 shares during the last quarter. Finally, Castle Rock Wealth Management LLC bought a new stake in Uber Technologies in the fourth quarter worth approximately $1,115,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UBER shares. Citigroup dropped their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Wolfe Research raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.31.

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.