Uber Technologies (NYSE:UBER) Trading Down 0.7% on Insider Selling

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares fell 0.7% on Thursday following insider selling activity. The company traded as low as $80.10 and last traded at $80.58. 3,929,929 shares were traded during trading, a decline of 86% from the average session volume of 28,719,613 shares. The stock had previously closed at $81.16.

Specifically, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. KeyCorp reduced their target price on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Citigroup reduced their price target on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.91.

Uber Technologies Trading Down 2.9 %

The company has a market capitalization of $164.79 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business has a fifty day moving average price of $67.67 and a 200 day moving average price of $71.11. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Institutional Trading of Uber Technologies

Institutional investors have recently modified their holdings of the company. Navalign LLC raised its holdings in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after acquiring an additional 126 shares in the last quarter. CENTRAL TRUST Co raised its holdings in Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock worth $87,000 after acquiring an additional 127 shares in the last quarter. DT Investment Partners LLC raised its holdings in Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock worth $62,000 after acquiring an additional 145 shares in the last quarter. Welch & Forbes LLC raised its holdings in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after acquiring an additional 148 shares in the last quarter. Finally, Jmac Enterprises LLC raised its holdings in Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock worth $552,000 after acquiring an additional 150 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.