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

Uber Technologies, Inc. (NYSE:UBER) saw some unusual options trading on Friday. Investors bought 259,603 call options on the stock. This is an increase of approximately 66% compared to the typical daily volume of 156,363 call options.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Hedge funds have recently added to or reduced their stakes in the company. Avion Wealth raised its stake in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares during the period. GHP Investment Advisors Inc. raised its position in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the period. Financial Management Professionals Inc. lifted its holdings in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $35,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $33,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 6.8 %

NYSE UBER opened at $74.76 on Friday. The company has a fifty day moving average of $65.28 and a 200 day moving average of $70.07. The company has a market capitalization of $157.43 billion, a PE ratio of 37.20, a P/E/G ratio of 0.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Research analysts forecast that Uber Technologies will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on UBER shares. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday. KeyCorp dropped their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.19.

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.