Uber stock dropped by 7% this week: Our data analysis

In the past week, $UBER stock experienced a 7% decline, as reported by our price data analyzed from Polygon. Within the last week, it ranked as the 31st most searched symbol on Quiver Quantitative out of a total of 50 ticker searches. Delving into our data on $UBER, the insider trading patterns among key figures have been notable. Over the last six months, insiders engaged in 17 open market transactions, with 1 purchase and 16 sales recorded. Noteworthy transactions include Chief Executive Officer Dara Khosrowshahi’s 5 sales totaling 450,000 shares, estimated at $43,682,553, and CFO Prashanth Mahendra-Rajah’s 1 purchase of 5 shares and 2 sales of 8,250 shares, amounting to $792,639. For further updates on insider dealings, visit Quiver Quantitative’s insider trading dashboard.

Regarding hedge fund activities surrounding $UBER, our data reveals significant movements by institutional investors. In the most recent quarter, 1,261 institutions added shares of $UBER to their portfolios, while 1,177 reduced their positions. Key actions include UBS AM removing 38,202,044 shares, UBS CHASE & CO removing 21,254,660 shares, and WELLINGTON MANAGEMENT GROUP LLP removing 14,014,797 shares. Conversely, NORGES BANK, MITSUBISHI UFJ ASSET MANAGEMENT CO., LTD., and MARSHALL WACE, LLP added notable amounts of shares. To monitor these trends, explore Quiver Quantitative’s institutional holdings dashboard.

Over the past year, $UBER has received award payments totaling $424,483 from various government contracts. Some of the substantial awards include BPA CALL FOR RIDESHARE SERVICES, CSOSA RIDESHARE SHUTTLE SERVICES, and UBER RIDESHARE SERVICES. To keep updated on contracts awarded to publicly traded companies, refer to Quiver Quantitative’s government contracts dashboard.

Members of Congress have also been active in trading $UBER stock, engaging in 12 transactions over the last six months, with 7 purchases and 5 sales. Noteworthy transactions include Senator John W. Hickenlooper’s purchase of up to $250,000 and Representative Gilbert Ray Cisneros, Jr.’s three purchases totaling up to $45,000. For further insights into congressional stock trading activities, visit Quiver Quantitative’s congressional trading dashboard.

Wall Street analysts have recently issued reports on $UBER, with 12 firms showing buy ratings and zero sell ratings. Prominent firms like Mizuho, Needham, and Keybanc have issued positive outlooks on the stock. Additionally, multiple analysts have set price targets for $UBER, with a median target of $107.0. Notable price targets include Ronald Josey from Citigroup setting a target of $110.0 and Ken Gawrelski from Wells Fargo targeting $100.0. Access more analyst ratings and price targets on Quiver Quantitative’s $UBER forecast page.

Lastly, it’s essential to note that the information presented is not financial advice, and any discrepancies may arise from ticker mapping errors or anomalies. Stay updated on the latest $UBER data through Quiver Quantitative.