Uber Technologies (NYSE:UBER) Trading 2.7% Higher – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER) rose 2.7% during mid-day trading on Thursday . The company traded as high as $68.87 and last traded at $68.85. Approximately 7,958,742 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 25,756,650 shares. The stock had previously closed at $67.02.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBER shares. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wolfe Research lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Trading Down 1.9 %

The company has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The business’s fifty day moving average price is $66.24 and its 200 day moving average price is $70.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently modified their holdings of UBER. Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the 4th quarter worth about $35,000. Financial Management Professionals Inc. lifted its holdings in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Transcendent Capital Group LLC boosted its position in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares during the last quarter. 80.24% of the stock is 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.