Uber Technologies (NYSE:UBER) Trading 0.5% Higher – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) shares rose 0.5% on Tuesday . The company traded as high as $72.68 and last traded at $72.01. Approximately 4,917,607 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 18,101,535 shares. The stock had previously closed at $71.65.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. Wells Fargo & Company cut their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. DA Davidson lifted their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Truist Financial lowered their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Citigroup lifted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. 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’s stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Price Performance

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 stock’s 50 day moving average price is $75.42 and its two-hundred day moving average price is $70.99. The firm has a market capitalization of $150.33 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 0.72 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at $2,087,000. Aptus Capital Advisors LLC increased its position in shares of 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 valued at $688,000 after acquiring an additional 1,383 shares during the last quarter. Lederer & Associates Investment Counsel CA bought a new stake in Uber Technologies during the third quarter worth about $799,000. Samlyn Capital LLC acquired a new position in Uber Technologies during the second quarter valued at approximately $134,987,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Uber Technologies by 9.8% in 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 purchasing an additional 512,591 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

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.