Uber Technologies (NYSE:UBER) Trading Up 1.1%

Uber Technologies, Inc. (NYSE:UBER) was up 1.1% on Thursday . The stock traded as high as $72.62 and last traded at $72.32. Approximately 1,707,534 shares were traded during trading, a decline of 91% from the average daily volume of 18,373,252 shares. The stock had previously closed at $71.56.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UBER shares. Roth Mkm upped their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Cantor Fitzgerald initiated coverage on shares of Uber Technologies in a report on Thursday. They issued an “overweight” rating and a $90.00 target price on the stock. Truist Financial restated a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a report on Friday. Melius Research started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, JMP Securities raised their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Stock Down 2.3 %

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market cap of $146.18 billion, a P/E ratio of 112.26, a PEG ratio of 1.28 and a beta of 1.33. The company’s 50 day simple moving average is $69.53 and its 200-day simple moving average is $71.26.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. Research analysts forecast that Uber Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. International Assets Investment Management LLC increased its holdings in Uber Technologies by 23.4% in the 4th quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock worth $723,000 after acquiring an additional 2,225 shares in the last quarter. Precision Wealth Strategies LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $444,000. 9258 Wealth Management LLC boosted its stake in Uber Technologies by 52.6% in the 4th quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock worth $747,000 after purchasing an additional 4,185 shares during the period. Rollins Financial bought a new position in Uber Technologies in the 4th quarter worth approximately $265,000. Finally, Principal Securities Inc. bought a new position in Uber Technologies in the 4th quarter worth approximately $820,000. 80.24% of the stock is owned by hedge funds and other 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.