Investors Buy Large Volume of Call Options on Uber Technologies (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) saw unusually large options trading on Friday. Investors bought 125,677 call options on the stock. This represents an increase of 32% compared to the average daily volume of 95,211 call options.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. DA Davidson increased their target price on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Tigress Financial increased their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Evercore ISI increased their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada increased their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Several large investors have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC increased its position in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC increased its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Uber Technologies during the 2nd quarter valued at $36,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.4 %

Shares of NYSE UBER opened at $66.16 on Friday. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $139.31 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The stock’s 50 day simple moving average is $74.66 and its 200 day simple moving average is $71.38.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the firm earned $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts expect that Uber Technologies will post 1.89 EPS for the current 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.