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

Uber Technologies, Inc. (NYSE:UBER) was the recipient of some unusual options trading on Friday. Stock traders acquired 228,068 call options on the stock. This is an increase of approximately 75% compared to the typical daily volume of 130,334 call options.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of the business. Ballentine Partners LLC raised its position in shares of Uber Technologies by 6.7% in the 4th quarter. Ballentine Partners LLC now owns 20,350 shares of the ride-sharing company’s stock valued at $1,228,000 after purchasing an additional 1,270 shares during the last quarter. ZWJ Investment Counsel Inc. increased its stake in Uber Technologies by 213.1% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 279,177 shares of the ride-sharing company’s stock valued at $16,840,000 after purchasing an additional 190,003 shares in the last quarter. Pure Financial Advisors LLC acquired a new position in Uber Technologies during the 4th quarter valued at approximately $321,000. Koshinski Asset Management Inc. raised its holdings in shares of Uber Technologies by 3.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 7,231 shares of the ride-sharing company’s stock worth $436,000 after buying an additional 237 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Uber Technologies by 71.9% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,720 shares of the ride-sharing company’s stock worth $586,000 after buying an additional 4,067 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $68.58 on Friday. The company has a 50 day moving average of $66.34 and a two-hundred day moving average of $70.39. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a market cap of $144.41 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, analysts predict that Uber Technologies will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on UBER. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. UBS Group raised their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Loop Capital upped their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Thursday, October 31st. Finally, Oppenheimer boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

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.