Uber Technologies, Inc. (NYSE:UBER) Director Purchases $16,979.61 in Stock

Uber Technologies, Inc. (NYSE:UBER) Director Amanda Ginsberg bought 543 shares of the stock in a transaction that occurred on Thursday, April 28th. The shares were purchased at an average cost of $31.27 per share, for a total transaction of $16,979.61. Following the completion of the acquisition, the director now owns 15,997 shares of the company’s stock, valued at $500,226.19. This trade represents a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Uber Technologies Trading Down 1.7 %

Uber Technologies stock opened at $60.21 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company’s fifty day moving average price is $72.26 and its two-hundred day moving average price is $71.22. The company has a market capitalization of $126.78 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 0.75 and a beta of 1.33. 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 issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on UBER. Evercore ISI increased their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. UBS Group upped their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently modified their holdings of UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies in the 3rd quarter worth $2,087,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management acquired a new position in shares of Uber Technologies during the 3rd quarter worth about $2,302,000. Brophy Wealth Management LLC bought a new stake in Uber Technologies during the 3rd quarter valued at approximately $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Uber Technologies by 9.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after buying an additional 512,591 shares during the last quarter. 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.