Uber Technologies (NYSE:UBER) Trading Up 1.2% – What’s Next?

Shares of Uber Technologies, Inc. (NYSE:UBER) rose 1.2% during trading on Monday . The stock traded as high as $61.77 and last traded at $61.43. Approximately 4,473,467 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 19,275,576 shares. The stock had previously closed at $60.73.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. UBS Group raised their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Oppenheimer boosted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. DA Davidson raised their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, December 18th. Finally, JMP Securities restated a “market outperform” rating and set a $95.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Stock Up 2.1 %

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $130.51 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 0.75 and a beta of 1.33. The stock has a 50 day moving average of $71.75 and a 200 day moving average of $71.29.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently made changes to their positions in the business. Ascent Wealth Partners LLC acquired a new position in shares of Uber Technologies in the third quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky boosted its stake in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management purchased a new position in Uber Technologies during the 3rd quarter worth approximately $2,302,000. Brophy Wealth Management LLC acquired a new stake in Uber Technologies during the 3rd quarter valued at $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of 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. Institutional investors and hedge funds own 80.24% 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.