Uber Technologies Sees Unusually High Options Volume (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 228,068 call options on the stock. This is an increase of 75% compared to the average volume of 130,334 call options.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Daiwa Capital Markets cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. The Goldman Sachs Group restated a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, November 1st. Finally, Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $91.53.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Secure Asset Management LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $288,000. Galvin Gaustad & Stein LLC grew its stake in Uber Technologies by 34.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 297,545 shares of the ride-sharing company's stock worth $17,948,000 after buying an additional 76,437 shares during the last quarter. Avior Wealth Management LLC increased its position in Uber Technologies by 3,154.4% during the 4th quarter. Avior Wealth Management LLC now owns 22,032 shares of the ride-sharing company's stock valued at $1,329,000 after buying an additional 21,355 shares in the last quarter. Teamwork Financial Advisors LLC raised its stake in Uber Technologies by 1,907.1% in the fourth quarter. Teamwork Financial Advisors LLC now owns 140,032 shares of the ride-sharing company's stock valued at $8,447,000 after buying an additional 133,055 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in Uber Technologies by 116.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 6,791 shares of the ride-sharing company's stock worth $410,000 after acquiring an additional 3,658 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 1.9 %

NYSE:UBER traded down $1.28 during trading hours on Friday, reaching $67.30. The company's stock had a trading volume of 27,057,083 shares, compared to its average volume of 27,863,750. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The stock has a 50 day moving average price of $66.24 and a two-hundred day moving average price of $70.37. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the prior year, the business posted $0.10 EPS. The firm's quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts predict that Uber Technologies will post 1.9 EPS for the current fiscal year.

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.