Uber Technologies (NYSE:UBER) Stock Price Up 0.2%

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) rose 0.2% on Wednesday . The company traded as high as $66.65 and last traded at $65.44. Approximately 4,702,170 shares traded hands during trading, a decline of 77% from the average daily volume of 20,408,570 shares. The stock had previously closed at $65.32.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UBER. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $84.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Roth Mkm reiterated a "buy" rating and set a $89.00 price objective (down previously from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Wells Fargo & Company dropped their target price on Uber Technologies from $95.00 to $89.00 and set an "overweight" rating on the stock in a report on Thursday, May 9th. Oppenheimer reaffirmed an "outperform" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, April 29th. Finally, Gordon Haskett downgraded Uber Technologies from a "buy" rating to a "hold" rating and set a $66.00 price objective on the stock. in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and thirty have assigned a 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 $83.75.

Uber Technologies Stock Up 2.0 %

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $139.20 billion, a PE ratio of 107.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. The business's 50-day moving average price is $73.47 and its 200-day moving average price is $66.68.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results 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 12.81% and a net margin of 3.60%. The company had revenue of $10.13 billion during the quarter, compared to analysts' expectations of $10.09 billion. During the same quarter in the previous year, the company earned ($0.08) EPS. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.13 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the business's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares of the company's stock, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake 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 buying an additional 43,275,830 shares during the last quarter. Norges Bank acquired a new position in Uber Technologies in the 4th quarter valued at approximately $1,415,778,000. Edgewood Management LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $783,401,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares in the last quarter. Finally, GQG Partners LLC increased its position in shares of Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company's stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

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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