Uber Technologies (NYSE:UBER) Issues Quarterly Earnings Results

Uber Technologies (NYSE:UBER - Get Free Report) posted its quarterly earnings data on Wednesday. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.53), Briefing.com reports. The firm had revenue of $10.13 billion for the quarter, compared to analysts' expectations of $10.09 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. Uber Technologies's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share.

Uber Technologies Stock Up 2.3 %

Shares of NYSE:UBER traded up $1.53 during trading hours on Thursday, hitting $67.93. The company's stock had a trading volume of 27,956,039 shares, compared to its average volume of 20,634,590. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The firm's fifty day moving average price is $74.80 and its 200 day moving average price is $65.83. Uber Technologies has a 52 week low of $37.07 and a 52 week high of $82.14. The company has a market capitalization of $141.39 billion, a price-to-earnings ratio of 78.98, a P/E/G ratio of 1.09 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UBER. Mizuho boosted their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, February 8th. JMP Securities reiterated a "market outperform" rating and issued a $85.00 target price on shares of Uber Technologies in a research report on Thursday, March 28th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $95.00 to $89.00 and set an "overweight" rating on the stock in a research note on Thursday. KeyCorp lifted their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Finally, Barclays boosted their target price on shares of Uber Technologies from $63.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.44.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the business's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Tony West sold 18,750 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company's stock, valued at $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

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.