Uber Technologies (NYSE:UBER) Trading 1.6% Higher – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) was up 1.6% during mid-day trading on Wednesday . The company traded as high as $76.49 and last traded at $76.12. Approximately 3,138,513 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 27,772,535 shares. The stock had previously closed at $74.95.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company dropped their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.94.

Uber Technologies Price Performance

The firm has a market cap of $158.46 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company’s fifty day moving average is $68.65 and its two-hundred day moving average is $71.44.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. Avion Wealth grew its holdings in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. 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.