Amanda Ginsberg Buys 543 Shares of Uber Technologies, Inc. (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBER) Director Amanda Ginsberg purchased 543 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were acquired at an average cost of $31.27 per share, for a total transaction of $16,979.61. Following the acquisition, the director now owns 15,997 shares of the company’s stock, valued at approximately $500,226.19. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Uber Technologies Trading Up 0.9 %

Shares of NYSE UBER opened at $60.73 on Friday. The firm has a market capitalization of $127.88 billion, a PE ratio of 30.21, a PEG ratio of 0.75 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $71.75 and a two-hundred day moving average price of $71.20.

Uber Technologies (NYSE:UBER) last posted its quarterly 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 business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. As a group, analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Uber Technologies by 7.1% in the third quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company’s stock worth $184,919,000 after acquiring an additional 162,528 shares in the last quarter. SMART Wealth LLC bought a new stake in Uber Technologies in the third quarter worth $236,000. Inspire Trust Co. N.A. boosted its holdings in Uber Technologies by 30.5% in the third quarter. Inspire Trust Co. N.A. now owns 32,105 shares of the ride-sharing company’s stock worth $2,413,000 after purchasing an additional 7,500 shares in the last quarter. Tri Ri Asset Management Corp acquired a new position in Uber Technologies during the third quarter worth $8,243,000. Finally, Peapack Gladstone Financial Corp raised its holdings in Uber Technologies by 30.9% during the third quarter. Peapack Gladstone Financial Corp now owns 6,562 shares of the ride-sharing company’s stock valued at $494,000 after buying an additional 1,550 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UBER shares. Bank of America lifted their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. KeyCorp decreased their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Evercore ISI increased their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.

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.