Investors Purchase High Volume of Uber Technologies Call Options (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) saw some unusual options trading activity on Thursday. Traders bought 160,217 call options on the company. This represents an increase of 38% compared to the typical volume of 116,434 call options.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’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 value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky grew its stake in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new position in Uber Technologies during the 3rd quarter valued at about $2,302,000. Brophy Wealth Management LLC acquired a new stake in Uber Technologies in the third quarter worth about $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after acquiring an additional 512,591 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 4.7 %

Shares of UBER opened at $63.17 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $133.02 billion, a P/E ratio of 31.43, a P/E/G ratio of 0.75 and a beta of 1.33. The company’s fifty day simple moving average is $68.24 and its 200-day simple moving average is $70.73. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. As a group, analysts expect that Uber Technologies will post 1.89 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Wells Fargo & Company cut their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. DA Davidson increased their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $91.47.

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.