Uber Technologies (NYSE:UBER) Shares Up 1.8%

Uber Technologies, Inc. (NYSE:UBER)’s share price shot up 1.8% on Wednesday . The stock traded as high as $72.14 and last traded at $71.94. 3,492,594 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 19,249,355 shares. The stock had previously closed at $70.67.

Analyst Ratings Changes

Several research firms have recently weighed in on UBER. Moffett Nathanson reaffirmed a “buy” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, May 16th. Tigress Financial upped their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.41.

Uber Technologies Stock Up 1.5 %

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $67.94 and its 200 day simple moving average is $69.95. The firm has a market capitalization of $149.92 billion, a PE ratio of 116.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter last year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 over the last three months. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Modus Advisors LLC raised its holdings in Uber Technologies by 3.9% in the 2nd quarter. Modus Advisors LLC now owns 56,084 shares of the ride-sharing company’s stock worth $4,076,000 after acquiring an additional 2,108 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Uber Technologies by 313.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 27,120 shares of the ride-sharing company’s stock worth $1,971,000 after acquiring an additional 20,553 shares during the last quarter. GAMMA Investing LLC raised its holdings in Uber Technologies by 32.3% in the 2nd quarter. GAMMA Investing LLC now owns 8,926 shares of the ride-sharing company’s stock worth $649,000 after acquiring an additional 2,178 shares during the last quarter. Transcend Capital Advisors LLC raised its holdings in Uber Technologies by 34.8% in the 2nd quarter. Transcend Capital Advisors LLC now owns 51,037 shares of the ride-sharing company’s stock worth $3,709,000 after acquiring an additional 13,180 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Uber Technologies by 2.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,354 shares of the ride-sharing company’s stock worth $566,000 after acquiring an additional 190 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Company Profile

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.