Uber Technologies (NYSE:UBER) Trading Up 0.1% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s stock price was up 0.1% on Thursday . The stock traded as high as $72.70 and last traded at $71.62. Approximately 12,967,786 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 18,280,848 shares. The stock had previously closed at $71.56.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. Tigress Financial boosted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Loop Capital raised their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JMP Securities upped their target price on Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Finally, Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Thursday, October 17th. Six research 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.com, the company has an average rating of “Moderate Buy” and an average price target of $90.51.

Uber Technologies Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $150.81 billion, a P/E ratio of 35.63, a PEG ratio of 0.91 and a beta of 1.34. The stock has a 50-day moving average of $75.45 and a 200 day moving average of $71.20.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in UBER. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the third quarter worth $2,087,000. Aviso Wealth Management purchased a new position in Uber Technologies in the third quarter worth about $2,302,000. Sumitomo Mitsui Trust Group Inc. grew its position in Uber Technologies by 9.8% during the third 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 period. Aptus Capital Advisors LLC raised its position in Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after acquiring an additional 1,383 shares during the period. Finally, Lederer & Associates Investment Counsel CA bought a new stake in shares of Uber Technologies during the 3rd quarter valued at $799,000. Institutional investors own 80.24% of the company’s stock.

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.