Uber Technologies (NYSE:UBER) Stock Price Down 3% Following Insider Selling

Uber Technologies, Inc. (NYSE:UBER)’s share price traded down 3% during trading on Tuesday following insider selling activity. The stock traded as low as $70.60 and last traded at $70.55. 4,025,110 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 19,508,068 shares. The stock had previously closed at $72.73.

Specifically, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UBER shares. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Wells Fargo & Company reduced their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Tigress Financial increased their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, DA Davidson dropped their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Price Performance

The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $149.45 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a fifty day moving average price of $72.09 and a two-hundred day moving average price of $71.55.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently added to or reduced their stakes in UBER. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Uber Technologies in the 4th quarter valued at approximately $37,476,000. Centaurus Financial Inc. grew its position in Uber Technologies by 438.7% in the 4th quarter. Centaurus Financial Inc. now owns 94,127 shares of the ride-sharing company’s stock valued at $5,678,000 after buying an additional 76,653 shares during the last quarter. Castle Rock Wealth Management LLC acquired a new position in Uber Technologies in the 4th quarter valued at $1,115,000. Probity Advisors Inc. raised its position in Uber Technologies by 118.8% during the 4th quarter. Probity Advisors Inc. now owns 6,786 shares of the ride-sharing company’s stock worth $409,000 after buying an additional 3,685 shares during the last quarter. Finally, Audent Global Asset Management LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth $470,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.