Uber Technologies (NYSE:UBER) Trading 0.4% Higher – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s share price was up 0.4% during trading on Monday . The stock traded as high as $77.58 and last traded at $76.14. Approximately 4,919,217 shares changed hands during trading, a decline of 75% from the average daily volume of 19,602,194 shares. The stock had previously closed at $75.84.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $157.91 billion, a P/E ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.39. The stock’s 50 day moving average is $73.06 and its two-hundred day moving average is $71.67.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of UBER. Navalign LLC boosted its stake in shares of Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock valued at $1,536,000 after purchasing an additional 126 shares during the last quarter. Welch & Forbes LLC lifted its holdings in Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after buying an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after acquiring an additional 150 shares during the last quarter. United Advisor Group LLC grew its holdings in Uber Technologies by 3.6% during the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company’s stock worth $263,000 after acquiring an additional 153 shares during the period. Finally, Drive Wealth Management LLC raised its position in shares of Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.