Uber Technologies (NYSE:UBER) Trading Up 2.4% After Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shot up 2.4% on Thursday after Citigroup raised their price target on the stock from $91.00 to $93.00. Citigroup currently has a buy rating on the stock. Uber Technologies traded as high as $68.34 and last traded at $67.99. 8,259,687 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 20,407,805 shares. The stock had previously closed at $66.40.

Several other research analysts also recently commented on the stock. Tigress Financial boosted their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, April 19th. TheStreet upgraded shares of Uber Technologies from a "c" rating to a "b-" rating in a research report on Wednesday, February 7th. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday. Bank of America cut their target price on shares of Uber Technologies from $91.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, KeyCorp upped their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $83.44.

Insider Activity

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

Institutional Trading of Uber Technologies

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company's stock worth $10,320,940,000 after acquiring an additional 43,275,830 shares during the period. Capital World Investors boosted its stake in Uber Technologies by 0.7% in the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company's stock worth $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors grew its holdings in Uber Technologies by 28.4% during the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company's stock valued at $2,273,669,000 after buying an additional 8,164,816 shares in the last quarter. Norges Bank bought a new stake in shares of Uber Technologies during the fourth quarter valued at about $1,415,778,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Uber Technologies by 14.7% in the fourth quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company's stock worth $1,107,745,000 after buying an additional 2,307,763 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.3 %

The firm's 50 day moving average is $74.80 and its 200 day moving average is $65.83. 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 company has a market cap of $141.39 billion, a PE ratio of 78.98, a PEG ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $10.13 billion during the quarter, compared to analysts' expectations of $10.09 billion. During the same quarter last year, the business posted ($0.08) EPS. The company's quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

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.

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