Uber Technologies (NYSE:UBER) Trading Up 1.1% – What’s Next?

Shares of Uber Technologies, Inc. (NYSE:UBER) were up 1.1% during mid-day trading on Wednesday . The stock traded as high as $72.70 and last traded at $72.36. Approximately 3,064,344 shares were traded during trading, a decline of 83% from the average daily volume of 18,235,188 shares. The stock had previously closed at $71.56.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Roth Mkm increased their price objective on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Bank of America upped their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Gordon Haskett raised 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. Finally, Citigroup lifted their price objective on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a 50 day simple moving average of $75.38 and a 200-day simple moving average of $71.20. The firm has a market cap of $150.81 billion, a PE ratio of 35.63, a PEG ratio of 0.89 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for 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%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Institutional investors have recently added to or reduced their stakes in the business. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at $2,087,000. Aviso Wealth Management bought a new position in shares of Uber Technologies during the 3rd quarter valued at $2,302,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Uber Technologies by 9.8% during the 3rd 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 buying an additional 512,591 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares during the period. Finally, Lederer & Associates Investment Counsel CA bought a new position in shares of Uber Technologies during the 3rd quarter valued at $799,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.