Uber Technologies (NYSE:UBER) Shares Up 0.9%

Shares of Uber Technologies, Inc. (NYSE:UBER) rose 0.9% during trading on Thursday . The stock traded as high as $72.14 and last traded at $71.30. Approximately 7,869,781 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 15,031,445 shares. The stock had previously closed at $70.67.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Roth Mkm reiterated a “buy” rating and set a $89.00 target price (down from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Loop Capital dropped their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Stock Up 0.9 %

The company has a market cap of $148.98 billion, a P/E ratio of 115.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average price is $67.98 and its 200-day moving average price is $69.96.

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

Insider Activity

In related news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the 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 sale, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 635,984 shares of company stock valued at $42,258,297. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Several hedge funds have recently bought and sold shares of UBER. Natixis Advisors L.P. raised its holdings in Uber Technologies by 31.8% during the 3rd quarter. Natixis Advisors L.P. now owns 21,206 shares of the ride-sharing company’s stock worth $975,000 after buying an additional 5,120 shares during the period. Glenmede Trust Co. NA acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $1,870,000. Advisors Asset Management Inc. raised its holdings in Uber Technologies by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 70,364 shares of the ride-sharing company’s stock worth $3,236,000 after buying an additional 12,817 shares during the period. Axxcess Wealth Management LLC raised its holdings in Uber Technologies by 45.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 16,475 shares of the ride-sharing company’s stock worth $758,000 after buying an additional 5,118 shares during the period. Finally, Alps Advisors Inc. raised its holdings in Uber Technologies by 560.2% during the 3rd quarter. Alps Advisors Inc. now owns 46,195 shares of the ride-sharing company’s stock worth $2,125,000 after buying an additional 39,198 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.