Uber Technologies Inc.’s recently made public that its insider West Tony unloaded Company’s shares for reported $0.14 million on Feb 02. In the deal valued at $32.54 per share,4,167 shares were sold. As a result of this transaction, West Tony now holds 166,973 shares worth roughly $ 5.58 million.
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Then, Hazelbaker Jill sold 63,100 shares, generating $1,957,362 in total proceeds. Upon selling the shares at $31.02, the insider now owns 80,750 shares.
Before that, Hazelbaker Jill sold 50,000 shares. Uber Technologies Inc. shares valued at $1,500,500 were divested by the insider at a price of $30.01 per share. As a result of the transaction, Hazelbaker Jill now holds 145,750 shares, worth roughly $4.87 million.
MoffettNathanson initiated its Uber Technologies Inc. [UBER] rating to an Outperform in a research note published on Friday, January 30, 2023; the price target was $47. PT values the company’s stock at a premium of 28.94 to its Friday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Raymond James revised its rating on August 03, 2022. It rated UBER as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of UBER
On Friday, Uber Technologies Inc. [NYSE:UBER] saw its stock fall -3.10% to $33.40. On the same session, the stock had its day’s lowest price of $33.02, but rose to a high of $33.92. Over the last five days, the stock has lost -7.79%. Uber Technologies Inc. shares have risen nearly 35.06% since the year began. Nevertheless, the stocks have risen 3.12% over the past one year. While a 52-week high of $37.58 was reached on 02/08/23, a 52-week low of $19.90 was recorded on 01/03/23. SMA at 50 days reached $29.81, while 200 days put it at $27.40. A total of 19.09 million shares were traded, compared to the trading of 23.66 million shares in the previous session.
Levels Of Support And Resistance For UBER Stock
The 24-hour chart illustrates a support level at 32.97, which if violated will result in even more drops to 32.55. On the upside, there is a resistance level at 33.87. A further resistance level may holdings at 34.35. The Relative Strength Index (RSI) on the 14-day chart is 52.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.08%. Stochastics %K at 33.55% indicates the stock is a holding.
How much short interest is there in Uber Technologies Inc.?
A steep rise in short interest was recorded in Uber Technologies Inc. stocks on Jan 30, 2023, dropping by -1.88 million shares to a total of 35.73 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 37.61 million shares. There was a decline of -5.26%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.93.
Uber Technologies Inc. [UBER] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 117,895,362 shares, or roughly 5.91% of the outstanding UBER shares. In other words, the investor’s shares have risen by 18,182,645 from its previous 13-F filing of 99712717.0. Additionally, The Vanguard Group, Inc. increased 6.59% of its stake after which the total value it holdings stand at $3,518,094,837, while Morgan Stanley Investment Managem reduced -3.18% of its stake to hold $3.41 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 7,691,616 shares of Uber Technologies Inc., while Jennison Associates LLC bought -897,044 shares. At present, Capital Research & Management Co is holding 40,944,719 shares valued at $1.27 billion. SSgA Funds Management, Inc. owned 38,437,712 shares of the company at the time of its most recent 13F filing, worth $1.19 billion.
According to FactSet, Uber Technologies Inc.’s share price will average $47.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.35 percent from its previous closing price of $34.47. Analysts expect Uber Technologies Inc. stock to reach the higher price of $75.00, while the lowest price estimate is $15.00. However, 46 analysts have rated UBER stock as a Buy in their predictions for 2023. The most recent change occurred on July 13, 2022 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating .