Uber Technologies (NYSE:UBER) Shares Up 0.1%

Uber Technologies, Inc. (NYSE:UBER)’s stock price was up 0.1% during trading on Tuesday . The stock traded as high as $72.28 and last traded at $71.33. Approximately 2,626,708 shares were traded during trading, a decline of 86% from the average daily volume of 18,964,703 shares. The stock had previously closed at $71.25.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UBER. Moffett Nathanson restated a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Citigroup upped their price objective on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. UBS Group cut their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of Uber Technologies in a report on Thursday, May 16th. Finally, Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.41.

Uber Technologies Price Performance

The company has a fifty day simple moving average of $68.37 and a two-hundred day simple moving average of $70.31. The stock has a market capitalization of $153.54 billion, a price-to-earnings ratio of 118.52, a PEG ratio of 1.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to analyst estimates 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 firm earned ($0.08) EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, 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 value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,984 shares of company stock worth $42,258,297. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of UBER. Integrated Wealth Concepts LLC increased its position in Uber Technologies by 2.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,067 shares of the ride-sharing company’s stock valued at $1,291,000 after acquiring an additional 796 shares during the period. OLD National Bancorp IN lifted its holdings in Uber Technologies by 3.3% during the 3rd quarter. OLD National Bancorp IN now owns 9,752 shares of the ride-sharing company’s stock worth $448,000 after buying an additional 311 shares during the period. Diversified Trust Co grew its position in shares of Uber Technologies by 11.1% in the 3rd quarter. Diversified Trust Co now owns 15,580 shares of the ride-sharing company’s stock valued at $717,000 after buying an additional 1,558 shares during the last quarter. Neo Ivy Capital Management increased its stake in shares of Uber Technologies by 109.5% in the third quarter. Neo Ivy Capital Management now owns 17,436 shares of the ride-sharing company’s stock valued at $802,000 after buying an additional 9,114 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in shares of Uber Technologies by 37.8% during the third quarter. Raleigh Capital Management Inc. now owns 897 shares of the ride-sharing company’s stock worth $41,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.