Uber Technologies (NYSE:UBER) Trading 0.7% Higher Following Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER)’s stock price rose 0.7% during mid-day trading on Friday after UBS Group raised their price target on the stock from $103.00 to $107.00. UBS Group currently has a buy rating on the stock. Uber Technologies traded as high as $84.12 and last traded at $82.87. Approximately 5,229,460 shares traded hands during trading, a decline of 74% from the average daily volume of 20,122,094 shares. The stock had previously closed at $82.30.

Several other analysts also recently weighed in on UBER. Bank of America boosted their price objective on Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Finally, Barclays upped their price target on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.69.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,904 shares of company stock worth $6,027,619 in the last 90 days. 3.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently bought and sold shares of UBER. Fortitude Family Office LLC lifted its holdings in Uber Technologies by 32.1% in the 4th quarter. Fortitude Family Office LLC now owns 795 shares of the ride-sharing company’s stock worth $48,000 after purchasing an additional 193 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Uber Technologies during the fourth quarter worth $638,000. Czech National Bank grew its stake in Uber Technologies by 6.7% during the fourth quarter. Czech National Bank now owns 456,560 shares of the ride-sharing company’s stock valued at $27,540,000 after acquiring an additional 28,577 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in Uber Technologies by 5.9% in the 4th quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company’s stock valued at $547,000 after acquiring an additional 502 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in shares of Uber Technologies by 15.7% during the 4th quarter. Brookstone Capital Management now owns 200,342 shares of the ride-sharing company’s stock valued at $12,085,000 after purchasing an additional 27,163 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a 50-day moving average price of $74.72 and a two-hundred day moving average price of $71.53. The stock has a market cap of $172.73 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.