Uber Technologies Target of Unusually High Options Trading (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) was the target of some unusual options trading activity on Friday. Stock investors bought 135,380 call options on the company. This is an increase of approximately 65% compared to the average volume of 82,139 call options.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Several institutional investors have recently modified their holdings of UBER. Creative Planning lifted its holdings in Uber Technologies by 34.0% in the 3rd quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock valued at $14,668,000 after acquiring an additional 49,491 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Uber Technologies by 4.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 156,158 shares of the ride-sharing company’s stock worth $11,737,000 after purchasing an additional 6,234 shares in the last quarter. CX Institutional lifted its stake in Uber Technologies by 193.0% during the third quarter. CX Institutional now owns 8,957 shares of the ride-sharing company’s stock valued at $673,000 after purchasing an additional 5,900 shares during the last quarter. Grove Bank & Trust boosted its holdings in Uber Technologies by 58.1% during the third quarter. Grove Bank & Trust now owns 8,184 shares of the ride-sharing company’s stock worth $615,000 after buying an additional 3,009 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Uber Technologies in the third quarter worth approximately $277,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UBER shares. The Goldman Sachs Group raised their target price on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Melius Research initiated coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, October 7th. Finally, Bank of America reaffirmed a “buy” rating and issued a $88.00 price target on shares of Uber Technologies in a report on Friday. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.11.

Uber Technologies Stock Up 10.8 %

UBER stock opened at $86.34 on Friday. The firm’s 50-day moving average is $72.65 and its two-hundred day moving average is $70.56. The company has a market capitalization of $181.40 billion, a price-to-earnings ratio of 94.88, a price-to-earnings-growth ratio of 1.35 and a beta of 1.33. Uber Technologies has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, analysts forecast that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

Uber Technologies Company Profile

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.