Uber Technologies (NYSE:UBER) Stock Price Up 2.6%

Uber Technologies, Inc. (NYSE:UBER)’s share price shot up 2.6% during trading on Wednesday . The company traded as high as $65.18 and last traded at $64.71. 4,539,198 shares traded hands during trading, a decline of 76% from the average session volume of 18,750,975 shares. The stock had previously closed at $63.09.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. Moffett Nathanson reissued a “buy” rating and set a $92.00 price target on shares of Uber Technologies in a report on Thursday, April 11th. Jefferies Financial Group lowered their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. UBS Group lowered their target price on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company upped their target price on Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Finally, Citigroup upped their target price on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.82.

Uber Technologies Trading Up 2.2 %

The firm has a fifty day simple moving average of $68.54 and a 200-day simple moving average of $71.06. The firm has a market cap of $134.71 billion, a P/E ratio of 104.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred 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 $13,541,962.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,135,984 shares of company stock worth $78,213,297. Corporate insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently modified their holdings of UBER. Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC increased its position in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. Highlander Capital Management LLC increased its position in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.