Uber Technologies Inc (NYSE:UBER) CTO Thuan Pham sold 20,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief technology officer now owns 4,643,223 shares in the company, valued at approximately $139,296,690. The transaction was disclosed in a document filed with the SEC, which is available through .
NYSE:UBER traded up $0.38 on Wednesday, hitting $30.13. The company had a trading volume of 35,373,510 shares, compared to its average volume of 17,217,291. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a 50 day moving average of $28.77 and a two-hundred day moving average of $35.40. Uber Technologies Inc has a 52 week low of $25.58 and a 52 week high of $47.08.
Uber Technologies (NYSE:UBER) last posted its earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.15. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Uber Technologies had a negative net margin of 63.57% and a negative return on equity of 209.48%. The company’s revenue was up 29.5% on a year-over-year basis. Research analysts predict that Uber Technologies Inc will post -6.91 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on UBER. Piper Jaffray Companies initiated coverage on Uber Technologies in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $26.00 target price for the company. Wells Fargo & Co began coverage on Uber Technologies in a research report on Thursday, September 26th. They issued a “market perform” rating and a $41.00 price target on the stock. upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Monday, November 25th. MKM Partners boosted their price target on Uber Technologies to $34.00 in a research note on Tuesday, November 5th. Finally, Raymond James reaffirmed a “buy” rating and set a $54.00 price objective on shares of Uber Technologies in a research report on Monday. Eleven research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Uber Technologies currently has a consensus rating of “Buy” and an average price target of $48.95.
Institutional investors and hedge funds have recently made changes to their positions in the company. SB Investment Advisers UK Ltd. acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at $10,306,943,000. BlackRock Inc. bought a new position in Uber Technologies in the second quarter valued at about $1,020,876,000. Dragoneer Investment Group LLC acquired a new stake in shares of Uber Technologies during the second quarter valued at about $986,048,000. Morgan Stanley acquired a new stake in shares of Uber Technologies during the second quarter valued at about $960,067,000. Finally, ICONIQ Capital LLC acquired a new stake in shares of Uber Technologies during the second quarter valued at about $737,300,000. Institutional investors own 45.01% of the company’s stock.
Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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