On March 29, 2023 at 09:32:39 ET an unusually large $555.55K block of Put contracts in Uber Technologies (UBER) was sold, with a strike price of $40.00 / share, expiring in 296 days (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 2.69 sigmas above the mean, placing it in the 99.59 percentile of all recent large trades made in UBER options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 61.46% Upside
As of March 28, 2023, the average one-year price target for Uber Technologies is $48.55. The forecasts range from a low of $27.27 to a high of $78.75. The average price target represents an increase of 61.46% from its latest reported closing price of $30.07.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Uber Technologies is $37,554MM, an increase of 17.81%. The projected annual non-GAAP EPS is -$0.23.
What is the Fund Sentiment?
There are 1781 funds or institutions reporting positions in Uber Technologies. This is an increase of 28 owner(s) or 1.60% in the last quarter. Average portfolio weight of all funds dedicated to UBER is 0.69%, a decrease of 13.86%. Total shares owned by institutions increased in the last three months by 2.14% to 1,689,014K shares. The put/call ratio of UBER is 0.77, indicating a bullish outlook.
What are Large Shareholders Doing?
Public Investment Fund holds 72,841K shares representing 3.62% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 57,615K shares representing 2.87% ownership of the company. In it's prior filing, the firm reported owning 53,140K shares, representing an increase of 7.77%. The firm decreased its portfolio allocation in UBER by 6.56% over the last quarter.
Jpmorgan Chase & holds 51,796K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 43,132K shares, representing an increase of 16.73%. The firm increased its portfolio allocation in UBER by 2.88% over the last quarter.
Jennison Associates holds 47,001K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 47,898K shares, representing a decrease of 1.91%. The firm decreased its portfolio allocation in UBER by 6.67% over the last quarter.
Capital World Investors holds 40,945K shares representing 2.04% ownership of the company. In it's prior filing, the firm reported owning 36,552K shares, representing an increase of 10.73%. The firm decreased its portfolio allocation in UBER by 0.74% over the last quarter.
Uber Technologies Background Information
(This description is provided by the company.)
Uber's mission is to create opportunity through movement. The company started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, Uber is building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
This story originally appeared on Fintel.
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