Travis Cordell Kalanick Sells 786,454 Shares of Uber Technologies Inc (NYSE:UBER) Stock

Uber Technologies Inc (NYSE:UBER) Director Travis Cordell Kalanick sold 786,454 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.61, for a total transaction of $23,286,902.94. Following the completion of the transaction, the director now directly owns 34,424,234 shares of the company’s stock, valued at $1,019,301,568.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Travis Cordell Kalanick also recently made the following trade(s):

  • On Monday, December 2nd, Travis Cordell Kalanick sold 482,871 shares of Uber Technologies stock. The stock was sold at an average price of $29.10, for a total transaction of $14,051,546.10.
  • On Monday, November 25th, Travis Cordell Kalanick sold 1,982,110 shares of Uber Technologies stock. The stock was sold at an average price of $29.21, for a total transaction of $57,897,433.10.
  • On Friday, November 22nd, Travis Cordell Kalanick sold 3,604,149 shares of Uber Technologies stock. The stock was sold at an average price of $29.75, for a total transaction of $107,223,432.75.
  • On Wednesday, November 20th, Travis Cordell Kalanick sold 10,623,684 shares of Uber Technologies stock. The stock was sold at an average price of $27.86, for a total transaction of $295,975,836.24.
  • On Monday, November 18th, Travis Cordell Kalanick sold 2,121,290 shares of Uber Technologies stock. The stock was sold at an average price of $26.77, for a total transaction of $56,786,933.30.
  • On Friday, November 15th, Travis Cordell Kalanick sold 3,670,440 shares of Uber Technologies stock. The stock was sold at an average price of $26.61, for a total transaction of $97,670,408.40.
  • On Wednesday, November 13th, Travis Cordell Kalanick sold 1,412,310 shares of Uber Technologies stock. The stock was sold at an average price of $26.57, for a total transaction of $37,525,076.70.
  • On Monday, November 11th, Travis Cordell Kalanick sold 251,713 shares of Uber Technologies stock. The stock was sold at an average price of $27.15, for a total transaction of $6,834,007.95.
  • On Friday, November 8th, Travis Cordell Kalanick sold 20,264,846 shares of Uber Technologies stock. The stock was sold at an average price of $27.01, for a total transaction of $547,353,490.46.

UBER opened at $28.98 on Tuesday. Uber Technologies Inc has a fifty-two week low of $25.58 and a fifty-two week high of $47.08. The company’s 50-day moving average price is $29.92 and its 200 day moving average price is $36.40. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.46.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) EPS for the quarter, beating the consensus estimate of ($0.83) by $0.15. Uber Technologies had a negative net margin of 63.57% and a negative return on equity of 209.48%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.68 billion. The business’s revenue was up 29.5% compared to the same quarter last year. Equities analysts expect that Uber Technologies Inc will post -6.84 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. CWM LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $25,000. Avestar Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $30,000. Nisa Investment Advisors LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $30,000. Finally, Signaturefd LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $31,000. Institutional investors own 45.02% of the company’s stock.

Several equities analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Uber Technologies from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America set a $53.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Thursday, October 10th. Morgan Stanley reaffirmed a “buy” rating and set a $55.00 price target on shares of Uber Technologies in a research report on Monday, November 18th. Stifel Nicolaus raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, November 22nd. Finally, Citigroup reduced their price target on shares of Uber Technologies from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $49.64.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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