Investors Buy Large Volume of Call Options on Uber Technologies (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) saw unusually large options trading on Friday. Stock traders purchased 125,677 call options on the stock. This represents an increase of approximately 32% compared to the typical daily volume of 95,211 call options.

Uber Technologies Trading Up 1.3 %

NYSE UBER opened at $66.09 on Friday. The stock has a market cap of $139.17 billion, a P/E ratio of 32.88, a PEG ratio of 0.90 and a beta of 1.33. The company’s fifty day simple moving average is $74.66 and its 200-day simple moving average is $71.43. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the business posted $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts predict that Uber Technologies will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Evercore ISI upped their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Oppenheimer upped their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently bought and sold shares of the business. Mather Group LLC. raised its stake in Uber Technologies by 134.9% during the second quarter. Mather Group LLC. now owns 2,401 shares of the ride-sharing company’s stock valued at $185,000 after buying an additional 1,379 shares in the last quarter. CX Institutional bought a new stake in Uber Technologies during the second quarter valued at $222,000. OLD National Bancorp IN raised its holdings in shares of Uber Technologies by 99.2% during the second quarter. OLD National Bancorp IN now owns 9,560 shares of the ride-sharing company’s stock worth $695,000 after purchasing an additional 4,760 shares during the period. CRA Financial Services LLC lifted its position in shares of Uber Technologies by 8.4% in the 2nd quarter. CRA Financial Services LLC now owns 3,211 shares of the ride-sharing company’s stock worth $233,000 after buying an additional 250 shares during the last quarter. Finally, Sendero Wealth Management LLC lifted its holdings in Uber Technologies by 16.6% in the second quarter. Sendero Wealth Management LLC now owns 41,823 shares of the ride-sharing company’s stock worth $3,040,000 after acquiring an additional 5,957 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.