Uber Technologies (NYSE:UBER) Releases Earnings Results, Beats Estimates By $2.71 EPS

Uber Technologies (NYSE:UBER) issued its earnings results on Wednesday. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71, Zacks reports. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%.

Uber Technologies Stock Up 5.5 %

Uber Technologies stock traded up $3.85 during mid-day trading on Friday, hitting $73.84. The company had a trading volume of 18,193,097 shares, compared to its average volume of 28,044,277. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $155.49 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The stock’s 50 day moving average price is $65.28 and its two-hundred day moving average price is $70.07. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UBER. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Tigress Financial lifted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday. Piper Sandler decreased their price target on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $90.19.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% 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.