Stock Traders Buy High Volume of Uber Technologies Call Options (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 171,896 call options on the company. This represents an increase of approximately 43% compared to the average daily volume of 120,604 call options.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently modified their holdings of the business. Transce3nd LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth approximately $27,000. Kozak & Associates Inc. increased its position in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth $27,000. Finally, Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter worth about $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. DA Davidson lifted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a report on Sunday, June 15th. Citigroup upped their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, May 8th. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.18.

Uber Technologies Price Performance

Uber Technologies stock opened at $90.88 on Thursday. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $93.60. The stock has a market cap of $190.05 billion, a P/E ratio of 15.92, a PEG ratio of 1.17 and a beta of 1.38. The company has a 50-day moving average price of $84.48 and a 200 day moving average price of $74.83. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current 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.