Uber Technologies (NYSE:UBER) Trading Up 3.6% – What’s Next?

Shares of Uber Technologies, Inc. (NYSE:UBER) rose 3.6% during trading on Monday . The stock traded as high as $78.84 and last traded at $77.27. Approximately 17,687,959 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 30,249,754 shares. The stock had previously closed at $74.60.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Truist Financial dropped their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. DA Davidson reduced their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies Stock Up 3.2 %

The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $167.30 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock’s fifty day moving average is $65.56 and its 200 day moving average is $70.34.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. CENTRAL TRUST Co lifted its holdings in Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after acquiring an additional 127 shares during the period. Procyon Advisors LLC boosted its stake in shares of Uber Technologies by 2.1% in the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after acquiring an additional 131 shares during the last quarter. DT Investment Partners LLC increased its position in shares of Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after purchasing an additional 145 shares in the last quarter. Welch & Forbes LLC boosted its position in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after acquiring an additional 148 shares during the last quarter. Finally, Jmac Enterprises LLC raised its holdings in Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after acquiring an additional 150 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.