Uber Technologies Inc (NYSE:UBER) Director Travis Cordell Kalanick Sells 482,871 Shares

Uber Technologies Inc (NYSE:UBER) Director Travis Cordell Kalanick sold 482,871 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $29.10, for a total transaction of $14,051,546.10. Following the sale, the director now directly owns 34,424,234 shares in the company, valued at $1,001,745,209.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, November 29th, Travis Cordell Kalanick sold 786,454 shares of Uber Technologies stock. The stock was sold at an average price of $29.61, for a total transaction of $23,286,902.94.
  • 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.

NYSE UBER traded down $0.62 during trading hours on Monday, hitting $28.98. The company’s stock had a trading volume of 17,407,698 shares, compared to its average volume of 16,193,822. The stock has a fifty day moving average of $29.92 and a 200 day moving average of $36.40. Uber Technologies Inc has a twelve month low of $25.58 and a twelve month high of $47.08. 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 data on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.68 billion. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, analysts predict that Uber Technologies Inc will post -6.84 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC acquired a new position in Uber Technologies in the second quarter valued at approximately $564,000. Westpac Banking Corp acquired a new position in Uber Technologies in the second quarter valued at approximately $690,000. Creative Planning bought a new stake in Uber Technologies in the second quarter valued at approximately $482,000. Pictet Asset Management Ltd. bought a new stake in Uber Technologies in the second quarter valued at approximately $2,712,000. Finally, Quad Cities Investment Group LLC increased its stake in Uber Technologies by 47.8% in the third quarter. Quad Cities Investment Group LLC now owns 3,400 shares of the ride-sharing company’s stock valued at $102,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 45.02% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Argus upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, November 14th. DA Davidson reduced their target price on shares of Uber Technologies from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wedbush reduced their target price on shares of Uber Technologies from $58.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Loop Capital reduced their target price on shares of Uber Technologies to $41.00 and set an “accumulate” rating on the stock in a research report on Monday, November 25th. They noted that the move was a valuation call. Finally, Bank of America set a $53.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.64.

Uber Technologies Company Profile

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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Insider Buying and Selling by Quarter for Uber Technologies (NYSE:UBER)

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