Prashanth Mahendra-Rajah Sells 2,750 Shares of Uber Technologies, Inc. (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBER) CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $75.59 on Wednesday. The stock has a market cap of $157.91 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock’s fifty day moving average is $73.06 and its 200 day moving average is $71.67. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nwam LLC lifted its position in shares of Uber Technologies by 5.6% in the third quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company’s stock valued at $794,000 after acquiring an additional 562 shares in the last quarter. Nicolet Advisory Services LLC lifted its holdings in Uber Technologies by 3.6% in the 3rd quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company’s stock worth $413,000 after purchasing an additional 199 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in Uber Technologies by 11.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company’s stock worth $3,353,000 after purchasing an additional 4,584 shares in the last quarter. Cerity Partners LLC grew its holdings in Uber Technologies by 36.0% during the 3rd quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company’s stock valued at $32,334,000 after buying an additional 113,989 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Uber Technologies by 18.4% during the third quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock valued at $1,231,000 after buying an additional 2,546 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on UBER shares. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Finally, Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.31.

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.